Louisiana State Employees Retirement System Invests $2.98 Million in Nutanix $NTNX

Louisiana State Employees Retirement System acquired a new position in shares of Nutanix (NASDAQ:NTNX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 78,400 shares of the technology company’s stock, valued at approximately $2,980,000.

Other hedge funds also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC grew its position in Nutanix by 8.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,942 shares of the technology company’s stock worth $302,000 after buying an additional 648 shares during the last quarter. OP Asset Management Ltd bought a new stake in Nutanix during the 1st quarter valued at approximately $10,843,000. Assenagon Asset Management S.A. lifted its stake in shares of Nutanix by 0.8% in the first quarter. Assenagon Asset Management S.A. now owns 199,501 shares of the technology company’s stock valued at $7,583,000 after buying an additional 1,592 shares during the period. Krilogy Financial LLC lifted its position in Nutanix by 125.1% in the first quarter. Krilogy Financial LLC now owns 21,347 shares of the technology company’s stock worth $844,000 after purchasing an additional 11,865 shares during the period. Finally, Evolve Private Wealth LLC boosted its holdings in Nutanix by 51.9% during the first quarter. Evolve Private Wealth LLC now owns 21,527 shares of the technology company’s stock valued at $818,000 after purchasing an additional 7,355 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $49.72 on Monday. The stock has a 50-day moving average price of $46.52 and a two-hundred day moving average price of $44.47. Nutanix has a 12 month low of $34.01 and a 12 month high of $82.42. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 52.34, a PEG ratio of 4.38 and a beta of 0.62.

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, 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 analysts’ expectations of $686.34 million. During the same period in the previous year, the business posted $0.22 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts predict that Nutanix will post 0.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

NTNX has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating on shares of Nutanix in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a research report on Wednesday. KeyCorp reaffirmed an “overweight” rating on shares of Nutanix in a research report on Thursday, May 28th. Northland Securities set a $47.00 price target on Nutanix in a research report on Thursday, May 28th. Finally, Barclays upped their target price on shares of Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.