SG Americas Securities LLC Sells 80,491 Shares of Nutanix $NTNX

SG Americas Securities LLC decreased its holdings in Nutanix (NASDAQ:NTNX) by 57.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,018 shares of the technology company’s stock after selling 80,491 shares during the period. SG Americas Securities LLC’s holdings in Nutanix were worth $2,243,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Nutanix by 72.8% during 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 buying an additional 4,826,443 shares during the period. Norges Bank bought a new position in shares of Nutanix in the 4th quarter worth $187,169,000. FIL Ltd raised its position in shares of Nutanix by 180.1% during 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 in the last quarter. Alyeska Investment Group L.P. raised its position in shares of Nutanix by 926.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,687,387 shares of the technology company’s stock valued at $138,911,000 after buying an additional 2,425,665 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Nutanix by 592.3% during the 4th 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NTNX has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. UBS Group upped their price objective on Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. KeyCorp reiterated an “overweight” rating on shares of Nutanix in a research report on Thursday, May 28th. Royal Bank Of Canada raised their price objective on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a research note on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Stock Performance

NASDAQ:NTNX opened at $51.20 on Thursday. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42. The firm has a market cap of $13.84 billion, a PE ratio of 53.90, a price-to-earnings-growth ratio of 4.49 and a beta of 0.61. The business has a 50 day moving average price of $47.18 and a 200-day moving average price of $44.55.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $364.94 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 firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. Research analysts predict that Nutanix will post 0.71 EPS for the current year.

Nutanix Company 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.