Banque Cantonale Vaudoise Reduces Position in Nutanix $NTNX

Banque Cantonale Vaudoise lessened its stake in shares of Nutanix (NASDAQ:NTNX) by 96.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the technology company’s stock after selling 25,639 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Nutanix were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NTNX. CW Advisors LLC bought a new stake in Nutanix during the second quarter worth about $273,000. Cerity Partners LLC raised its position in shares of Nutanix by 15.2% in the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock worth $6,350,000 after acquiring an additional 10,967 shares in the last quarter. Bank of Nova Scotia lifted its position in Nutanix by 296.5% during the second quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock valued at $3,181,000 after buying an additional 31,119 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Nutanix by 94.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock worth $3,690,000 after purchasing an additional 23,479 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Nutanix by 164.4% in the second quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock worth $659,000 after acquiring an additional 5,361 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NTNX. Morgan Stanley lifted their price objective on Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. Bank of America lifted their price target on shares of Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on shares of Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Finally, KeyCorp reiterated an “overweight” rating on shares of Nutanix in a research report on Thursday, May 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Stock Down 0.2%

Shares of NTNX stock opened at $50.96 on Wednesday. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 53.64, a PEG ratio of 4.50 and a beta of 0.62. The company’s 50 day moving average is $46.97 and its 200 day moving average is $44.52.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $364.94 million for 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%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. Analysts anticipate that Nutanix will post 0.71 EPS for the current fiscal year.

Nutanix Profile

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.