BI Asset Management Fondsmaeglerselskab A S Cuts Position in Nutanix $NTNX

BI Asset Management Fondsmaeglerselskab A S lowered its position in Nutanix (NASDAQ:NTNX) by 52.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,077 shares of the technology company’s stock after selling 12,018 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Nutanix were worth $421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Nutanix by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company’s stock worth $1,422,247,000 after purchasing an additional 832,468 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Nutanix by 72.8% during the fourth quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after purchasing an additional 4,826,443 shares in the last quarter. Geode Capital Management LLC increased its holdings in Nutanix by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company’s stock valued at $272,452,000 after buying an additional 135,533 shares during the last quarter. FIL Ltd increased its holdings in Nutanix by 180.1% in the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock valued at $224,021,000 after buying an additional 2,786,929 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Nutanix by 14.0% in the fourth quarter. First Trust Advisors LP now owns 3,647,276 shares of the technology company’s stock valued at $188,528,000 after buying an additional 447,806 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NTNX. William Blair reaffirmed a “market perform” rating on shares of Nutanix in a report on Monday, March 23rd. Royal Bank Of Canada increased their price objective on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Rosenblatt Securities reissued a “buy” rating and set a $60.00 target price on shares of Nutanix in a research report on Friday, May 29th. Bank of America boosted their target price on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Price Performance

Shares of NTNX opened at $46.94 on Friday. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The stock has a market cap of $12.69 billion, a PE ratio of 49.41, a price-to-earnings-growth ratio of 4.20 and a beta of 0.62. The firm has a fifty day moving average price of $46.29 and a 200 day moving average price of $44.46.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $0.22 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts expect that Nutanix will post 0.7 EPS for the current fiscal year.

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.