Oregon Public Employees Retirement Fund Purchases New Stake in Nutanix $NTNX

Oregon Public Employees Retirement Fund acquired a new position in shares of Nutanix (NASDAQ:NTNX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 54,000 shares of the technology company’s stock, valued at approximately $4,017,000.

Several other hedge funds have also recently bought and sold shares of NTNX. AQR Capital Management LLC raised its position in shares of Nutanix by 30.8% in the 2nd quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock valued at $360,206,000 after buying an additional 1,108,261 shares in the last quarter. Geode Capital Management LLC increased its stake in Nutanix by 0.6% in the second quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company’s stock valued at $346,720,000 after acquiring an additional 25,918 shares during the last quarter. Norges Bank acquired a new position in Nutanix during the second quarter valued at approximately $263,938,000. Marshall Wace LLP lifted its stake in Nutanix by 75.9% during the second quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock worth $250,655,000 after purchasing an additional 1,415,117 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in Nutanix by 32.7% during the second quarter. Federated Hermes Inc. now owns 3,215,800 shares of the technology company’s stock worth $245,816,000 after purchasing an additional 791,822 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Up 0.8%

NASDAQ:NTNX opened at $53.51 on Friday. The stock’s 50-day moving average is $55.24 and its 200-day moving average is $66.55. Nutanix has a 1-year low of $46.12 and a 1-year high of $83.36. The stock has a market cap of $14.47 billion, a P/E ratio of 71.35, a price-to-earnings-growth ratio of 5.69 and a beta of 0.49.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The business had revenue of $670.58 million during the quarter, compared to analyst estimates of $677.23 million. During the same quarter last year, the business earned $0.42 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities analysts forecast that Nutanix will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NTNX. Needham & Company LLC decreased their price target on Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Wells Fargo & Company decreased their target price on Nutanix from $71.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 26th. Oppenheimer initiated coverage on Nutanix in a research note on Monday, November 17th. They set an “outperform” rating and a $90.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, The Goldman Sachs Group decreased their price target on shares of Nutanix from $95.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.13.

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.