Nutanix $NTNX Shares Acquired by Diversified Trust Co

Diversified Trust Co boosted its position in Nutanix (NASDAQ:NTNX) by 31.6% during the 1st quarter, HoldingsChannel reports. The firm owned 66,530 shares of the technology company’s stock after buying an additional 15,989 shares during the quarter. Diversified Trust Co’s holdings in Nutanix were worth $2,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Millennium Group LLC bought a new position in Nutanix in the 4th quarter worth about $28,000. V Square Quantitative Management LLC bought a new stake in shares of Nutanix during the fourth quarter valued at approximately $39,000. Covestor Ltd boosted its position in shares of Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after buying an additional 324 shares during the period. Harbour Investments Inc. boosted its position in shares of Nutanix by 159.4% during the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after buying an additional 502 shares during the period. Finally, Optiver Holding B.V. bought a new position in Nutanix in the 3rd quarter worth approximately $68,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on NTNX. Royal Bank Of Canada raised 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. William Blair reiterated a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. UBS Group increased their price target on Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their price target on Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Stock Performance

Shares of Nutanix stock opened at $46.90 on Monday. The company’s 50-day moving average price is $45.42 and its two-hundred day moving average price is $44.45. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The stock has a market cap of $12.68 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 4.13 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data 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. The company had revenue of $364.94 million during the quarter, compared to analyst estimates of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. On average, equities analysts predict that Nutanix will post 0.71 EPS for the current fiscal year.

Nutanix 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.