44,975 Shares in Nutanix $NTNX Bought by Account Management LLC

Account Management LLC bought a new stake in Nutanix (NASDAQ:NTNX) during the first quarter, Holdings Channel reports. The firm bought 44,975 shares of the technology company’s stock, valued at approximately $1,710,000. Nutanix makes up about 1.9% of Account Management LLC’s portfolio, making the stock its 13th biggest holding.

Several other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in Nutanix by 72.8% during the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after acquiring an additional 4,826,443 shares during the last quarter. Norges Bank acquired a new stake in shares of Nutanix in the fourth quarter valued at about $187,169,000. FIL Ltd increased its stake in shares of Nutanix by 180.1% in the fourth quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock worth $224,021,000 after purchasing an additional 2,786,929 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of Nutanix by 926.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,687,387 shares of the technology company’s stock worth $138,911,000 after purchasing an additional 2,425,665 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Nutanix by 592.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,601,351 shares of the technology company’s stock worth $82,774,000 after purchasing an additional 1,370,047 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

NASDAQ NTNX opened at $54.79 on Friday. The firm has a 50-day simple moving average of $48.91 and a 200 day simple moving average of $44.77. Nutanix has a twelve month low of $34.01 and a twelve month high of $82.42. The stock has a market cap of $14.81 billion, a PE ratio of 57.67, a PEG ratio of 4.89 and a beta of 0.61.

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

Analyst Ratings Changes

NTNX has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Bank of America upped their price target on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Morgan Stanley increased their price objective on Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Rosenblatt Securities restated a “buy” rating and issued a $60.00 price objective on shares of Nutanix in a research note on Friday, May 29th. Finally, UBS Group raised their price objective on shares of Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

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.