Eventide Asset Management LLC Decreases Stock Holdings in Nutanix $NTNX

Eventide Asset Management LLC trimmed its holdings in Nutanix (NASDAQ:NTNX) by 99.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,862 shares of the technology company’s stock after selling 605,101 shares during the quarter. Eventide Asset Management LLC’s holdings in Nutanix were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NTNX. New Millennium Group LLC purchased a new stake in shares of Nutanix during the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Nutanix during the 4th quarter valued at approximately $39,000. Covestor Ltd raised its position in shares of Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares during the period. Harbour Investments Inc. raised its position in shares of Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after buying an additional 502 shares during the period. Finally, GW&K Investment Management LLC raised its position in shares of Nutanix by 78.7% during the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after buying an additional 432 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Up 0.2%

NASDAQ:NTNX opened at $49.40 on Tuesday. The company has a fifty day simple moving average of $44.84 and a two-hundred day simple moving average of $44.47. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 4.35 and a beta of 0.62. 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 results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. The business had revenue of $364.94 million during the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. On average, analysts expect that Nutanix will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NTNX shares. Northland Securities set a $47.00 price target on shares of Nutanix in a research report on Thursday, May 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Nutanix in a research report on Thursday, May 28th. Bank of America boosted their target price on Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Royal Bank Of Canada boosted their target price on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a research report on Friday, March 27th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $60.00.

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.