Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 48,200 Shares of Nutanix $NTNX

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its stake in shares of Nutanix (NASDAQ:NTNX) by 97.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,500 shares of the technology company’s stock after selling 48,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Nutanix were worth $57,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB increased its holdings in shares of Nutanix by 22.8% in the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock worth $181,734,000 after purchasing an additional 653,042 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Nutanix by 1,196.7% in the fourth quarter. SG Americas Securities LLC now owns 139,509 shares of the technology company’s stock worth $7,211,000 after buying an additional 128,750 shares in the last quarter. Ossiam boosted its stake in Nutanix by 85.5% during the third quarter. Ossiam now owns 139,672 shares of the technology company’s stock valued at $10,390,000 after buying an additional 64,392 shares during the last quarter. Katamaran Capital LLP boosted its stake in Nutanix by 270.0% during the fourth quarter. Katamaran Capital LLP now owns 86,094 shares of the technology company’s stock valued at $4,450,000 after buying an additional 62,825 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in Nutanix during the 4th quarter valued at approximately $1,800,000. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NTNX. Barclays lifted their price objective on Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Rosenblatt Securities reiterated a “buy” rating and set a $60.00 target price on shares of Nutanix in a research report on Friday, May 29th. Wells Fargo & Company raised their target price on shares of Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Northland Securities set a $47.00 price target on shares of Nutanix in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $52.42 on Tuesday. The business’s 50 day moving average is $47.84 and its two-hundred day moving average is $44.63. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The stock has a market capitalization of $14.17 billion, a P/E ratio of 55.18, a PEG ratio of 4.52 and a beta of 0.61.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. The business had revenue of $364.94 million during the quarter, compared to analyst estimates of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS. As a group, equities research analysts anticipate that Nutanix will post 0.71 earnings per share 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.