Pacer Advisors Inc. Buys 69,517 Shares of Nutanix $NTNX

Pacer Advisors Inc. raised its stake in Nutanix (NASDAQ:NTNX) by 33.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,298 shares of the technology company’s stock after acquiring an additional 69,517 shares during the quarter. Pacer Advisors Inc. owned about 0.10% of Nutanix worth $14,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings 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 buying an additional 4,826,443 shares in the last quarter. Norges Bank acquired a new stake in shares of Nutanix in the 4th quarter valued at $187,169,000. FIL Ltd increased its stake in shares of Nutanix by 180.1% in the 4th quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock valued at $224,021,000 after buying an additional 2,786,929 shares during the period. Alyeska Investment Group L.P. raised its position in shares of Nutanix by 926.8% during 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 acquiring an additional 2,425,665 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Nutanix by 592.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,601,351 shares of the technology company’s stock worth $82,774,000 after acquiring an additional 1,370,047 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Price Performance

NTNX stock opened at $46.90 on Friday. The business’s fifty day moving average is $45.42 and its 200-day moving average is $44.47. The company has a market cap of $12.68 billion, a P/E ratio of 49.37, a price-to-earnings-growth ratio of 4.13 and a beta of 0.62. 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. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The business had revenue of $364.94 million for the quarter, compared to analyst estimates of $686.34 million. During the same period last year, the company earned $0.22 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Research analysts anticipate that Nutanix will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NTNX has been the topic of several recent research reports. Needham & Company LLC raised their price target on Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 28th. UBS Group lifted their price objective on Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Northland Securities set a $47.00 price objective on Nutanix in a report on Thursday, May 28th. Royal Bank Of Canada upped their target price on shares of Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Barclays raised their target price on shares of Nutanix from $47.00 to $53.00 and gave the company an “equal weight” 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’s stock. According to MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and an average 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.