Allspring Global Investments Holdings LLC Sells 17,150 Shares of Nutanix $NTNX

Allspring Global Investments Holdings LLC cut its position in Nutanix (NASDAQ:NTNX) by 4.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 389,079 shares of the technology company’s stock after selling 17,150 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Nutanix were worth $14,801,000 as of its most recent SEC filing.

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

Nutanix Trading Down 1.7%

Shares of NASDAQ:NTNX opened at $54.19 on Wednesday. The stock has a market cap of $14.65 billion, a PE ratio of 57.04, a price-to-earnings-growth ratio of 4.86 and a beta of 0.61. The stock’s fifty day simple moving average is $50.44 and its two-hundred day simple moving average is $44.86. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42.

Nutanix (NASDAQ:NTNX) last posted its earnings results 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. The firm had revenue of $703.07 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 was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. On average, sell-side analysts forecast that Nutanix will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NTNX. Northland Securities set a $47.00 target price on Nutanix in a report on Thursday, May 28th. The Goldman Sachs Group restated a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th. Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Royal Bank Of Canada raised their price objective on shares of Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $60.00 price objective on shares of Nutanix in a report on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.