Integrated Advisors Network LLC Increases Holdings in Nutanix $NTNX

Integrated Advisors Network LLC increased its holdings in shares of Nutanix (NASDAQ:NTNX) by 197.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,605 shares of the technology company’s stock after purchasing an additional 12,354 shares during the quarter. Integrated Advisors Network LLC’s holdings in Nutanix were worth $707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. Utah Retirement Systems boosted its stake in Nutanix by 0.6% during the fourth quarter. Utah Retirement Systems now owns 42,355 shares of the technology company’s stock worth $2,189,000 after buying an additional 257 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Nutanix by 0.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock valued at $4,868,000 after acquiring an additional 260 shares during the period. Summit Securities Group LLC lifted its holdings in shares of Nutanix by 26.4% in the 4th quarter. Summit Securities Group LLC now owns 1,356 shares of the technology company’s stock worth $70,000 after acquiring an additional 283 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after acquiring an additional 324 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Nutanix by 26.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,556 shares of the technology company’s stock worth $80,000 after acquiring an additional 330 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $55.53 on Friday. The firm’s 50 day simple moving average is $48.66 and its 200-day simple moving average is $44.70. Nutanix has a one year low of $34.01 and a one year high of $82.42. The firm has a market cap of $15.01 billion, a PE ratio of 58.45, a price-to-earnings-growth ratio of 4.75 and a beta of 0.61.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The firm had revenue of $364.94 million during the quarter, compared to analyst estimates of $686.34 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. Nutanix’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that Nutanix will post 0.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. KeyCorp reissued an “overweight” rating on shares of Nutanix in a research note on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research report on Wednesday, June 24th. Morgan Stanley upped their target price on Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Finally, UBS Group upped their target price on Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.