BW Gestao de Investimentos Ltda. Grows Position in Nutanix $NTNX

BW Gestao de Investimentos Ltda. boosted its stake in Nutanix (NASDAQ:NTNX) by 19.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 663,074 shares of the technology company’s stock after buying an additional 106,420 shares during the quarter. Nutanix makes up 0.8% of BW Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 12th largest holding. BW Gestao de Investimentos Ltda. owned 0.25% of Nutanix worth $34,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rhumbline Advisers increased its holdings in Nutanix by 102.0% in the 3rd quarter. Rhumbline Advisers now owns 868,143 shares of the technology company’s stock worth $64,581,000 after acquiring an additional 438,268 shares during the last quarter. Vinva Investment Management Ltd increased its holdings in Nutanix by 222.8% in the 3rd quarter. Vinva Investment Management Ltd now owns 353,511 shares of the technology company’s stock worth $27,221,000 after acquiring an additional 244,006 shares during the last quarter. Nordea Investment Management AB boosted its stake in Nutanix by 22.8% in the 4th quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock worth $181,734,000 after purchasing an additional 653,042 shares during the period. Thrivent Financial for Lutherans boosted its stake in Nutanix by 674.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 61,590 shares of the technology company’s stock worth $4,582,000 after purchasing an additional 53,640 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Nutanix by 1,196.7% in the 4th quarter. SG Americas Securities LLC now owns 139,509 shares of the technology company’s stock worth $7,211,000 after purchasing an additional 128,750 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Northland Securities set a $47.00 price target on Nutanix in a research report on Thursday. Needham & Company LLC lifted their price target on Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Rosenblatt Securities reiterated a “buy” rating and set a $60.00 price target on shares of Nutanix in a research report on Friday. UBS Group raised their price objective on Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank Of Canada raised their price objective on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Stock Up 7.3%

NASDAQ NTNX opened at $55.87 on Tuesday. Nutanix has a twelve month low of $34.01 and a twelve month high of $82.42. The firm has a market capitalization of $14.82 billion, a PE ratio of 58.81, a P/E/G ratio of 5.82 and a beta of 0.54. The stock’s 50 day moving average is $42.30 and its 200 day moving average is $45.21.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company had revenue of $364.94 million for the quarter, compared to analyst estimates of $686.34 million. During the same period in the previous year, the company posted $0.22 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. On average, research analysts anticipate that Nutanix will post 0.56 earnings per share for the current year.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.