Federated Hermes Inc. Has $264.82 Million Stock Position in Nutanix $NTNX

Federated Hermes Inc. raised its stake in Nutanix (NASDAQ:NTNX) by 10.7% during the 3rd quarter, Holdings Channel reports. The fund owned 3,559,876 shares of the technology company’s stock after acquiring an additional 344,076 shares during the period. Federated Hermes Inc.’s holdings in Nutanix were worth $264,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of Nutanix by 30.8% during the second quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock worth $360,206,000 after purchasing an additional 1,108,261 shares during the period. Geode Capital Management LLC grew its holdings in Nutanix by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company’s stock valued at $346,720,000 after buying an additional 25,918 shares in the last quarter. Norges Bank bought a new position in Nutanix during the 2nd quarter worth $263,938,000. Marshall Wace LLP lifted its holdings in shares of 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 buying an additional 1,415,117 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Nutanix by 0.9% in the second quarter. First Trust Advisors LP now owns 3,164,824 shares of the technology company’s stock valued at $241,919,000 after acquiring an additional 26,913 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $41.24 on Wednesday. Nutanix has a 1 year low of $41.15 and a 1 year high of $83.36. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 54.99, a price-to-earnings-growth ratio of 4.63 and a beta of 0.49. The company’s 50 day simple moving average is $49.91 and its 200 day simple moving average is $64.01.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Oppenheimer started coverage on shares of Nutanix in a research report on Monday, November 17th. They set an “outperform” rating and a $90.00 target price on the stock. Northland Securities lowered their target price on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group cut their price target on Nutanix from $95.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and an average target price of $71.07.

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.