Arrowstreet Capital Limited Partnership Has $45.05 Million Holdings in Nutanix $NTNX

Arrowstreet Capital Limited Partnership grew its holdings in Nutanix (NASDAQ:NTNX) by 628.8% in the 1st quarter, Holdings Channel reports. The fund owned 1,185,120 shares of the technology company’s stock after purchasing an additional 1,022,516 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Nutanix were worth $45,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC grew its position in Nutanix by 1,196.7% in the 4th quarter. SG Americas Securities LLC now owns 139,509 shares of the technology company’s stock worth $7,211,000 after purchasing an additional 128,750 shares during the last quarter. Katamaran Capital LLP increased its holdings in shares of Nutanix by 270.0% during the 4th quarter. Katamaran Capital LLP now owns 86,094 shares of the technology company’s stock worth $4,450,000 after purchasing an additional 62,825 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of Nutanix during the 4th quarter worth about $1,800,000. Azzad Asset Management Inc. ADV raised its position in shares of Nutanix by 39.5% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 48,698 shares of the technology company’s stock valued at $2,517,000 after buying an additional 13,789 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its position in shares of Nutanix by 18.5% during the fourth quarter. Peregrine Capital Management LLC now owns 183,568 shares of the technology company’s stock valued at $9,489,000 after buying an additional 28,677 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of Nutanix stock opened at $56.85 on Tuesday. The firm has a market cap of $15.37 billion, a P/E ratio of 59.84, a price-to-earnings-growth ratio of 4.85 and a beta of 0.61. The firm’s 50-day simple moving average is $51.13 and its 200-day simple moving average is $44.95. Nutanix has a twelve month low of $34.01 and a twelve month high of $82.42.

Nutanix (NASDAQ:NTNX) last posted its quarterly 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 company’s quarterly 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 earnings per share. On average, equities analysts forecast that Nutanix will post 0.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NTNX shares. JPMorgan Chase & Co. lifted their target price on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Needham & Company LLC raised their price objective on Nutanix from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen raised Nutanix from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Piper Sandler restated an “overweight” rating on shares of Nutanix in a research report on Wednesday, June 24th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus 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.