Nutanix $NTNX Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Nutanix (NASDAQ:NTNX) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,283,964 shares of the technology company’s stock after acquiring an additional 135,533 shares during the quarter. Geode Capital Management LLC owned approximately 1.95% of Nutanix worth $272,452,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NTNX. CW Advisors LLC acquired a new position in shares of Nutanix in the 2nd quarter worth $273,000. Cerity Partners LLC lifted its stake in Nutanix by 15.2% in the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock worth $6,350,000 after acquiring an additional 10,967 shares in the last quarter. Bank of Nova Scotia lifted its stake in Nutanix by 296.5% in the 2nd quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock worth $3,181,000 after acquiring an additional 31,119 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Nutanix by 94.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock worth $3,690,000 after acquiring an additional 23,479 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Nutanix by 164.4% in the 2nd quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock worth $659,000 after acquiring an additional 5,361 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

Nutanix stock opened at $55.87 on Tuesday. The business’s 50-day simple moving average is $42.30 and its 200-day simple moving average is $45.21. The firm has a market capitalization of $14.82 billion, a PE ratio of 58.81, a PEG ratio of 5.82 and a beta of 0.54. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42.

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

Analyst Ratings Changes

Several brokerages recently issued reports on NTNX. The Goldman Sachs Group reissued a “buy” rating on shares of Nutanix in a research note on Thursday. Royal Bank Of Canada increased their price objective on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research note on Friday, March 27th. Northland Securities set a $47.00 price objective on Nutanix in a research note on Thursday. Finally, KeyCorp reissued an “overweight” rating on shares of Nutanix in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.00.

About Nutanix

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.