Eurizon Capital SGR S.p.A. Makes New Investment in Nutanix $NTNX

Eurizon Capital SGR S.p.A. bought a new position in shares of Nutanix (NASDAQ:NTNX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,253 shares of the technology company’s stock, valued at approximately $2,753,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Crestwood Advisors Group LLC grew its holdings in shares of Nutanix by 0.4% during the third quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock worth $3,236,000 after buying an additional 161 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Nutanix by 0.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock worth $4,868,000 after buying an additional 260 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Nutanix by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after buying an additional 291 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Nutanix by 20.9% during the third quarter. Jones Financial Companies Lllp now owns 1,859 shares of the technology company’s stock worth $143,000 after buying an additional 321 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after buying an additional 324 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NTNX. Piper Sandler reiterated an “overweight” rating and set a $60.00 price target (down from $63.00) on shares of Nutanix in a report on Thursday, May 28th. Rosenblatt Securities reiterated a “buy” rating and set a $60.00 price target on shares of Nutanix in a report on Friday, May 29th. Needham & Company LLC lifted their price target on shares of Nutanix from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. Finally, William Blair reiterated a “market perform” rating on shares of Nutanix in a report on Monday, March 23rd. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Stock Performance

Nutanix stock opened at $55.49 on Wednesday. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42. The firm has a 50 day moving average price of $42.30 and a 200 day moving average price of $45.21. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 58.41, a PEG ratio of 6.24 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last released its 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. The firm had revenue of $364.94 million during the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. Nutanix’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. Sell-side analysts predict that Nutanix will post 0.56 EPS for the current year.

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.