Thornburg Investment Management Inc. Sells 43,385 Shares of Nutanix $NTNX

Thornburg Investment Management Inc. trimmed its holdings in shares of Nutanix (NASDAQ:NTNX) by 25.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,597 shares of the technology company’s stock after selling 43,385 shares during the period. Thornburg Investment Management Inc.’s holdings in Nutanix were worth $6,699,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NTNX. Norges Bank purchased a new stake in Nutanix during the 4th quarter valued at $187,169,000. Alyeska Investment Group L.P. boosted its stake in 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 purchasing an additional 2,425,665 shares during the last quarter. AQR Capital Management LLC boosted its stake in Nutanix by 40.6% during the 3rd quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock valued at $492,928,000 after purchasing an additional 1,914,005 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Nutanix by 592.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,601,351 shares of the technology company’s stock valued at $82,774,000 after purchasing an additional 1,370,047 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in Nutanix by 17,534.8% during the 4th quarter. M&T Bank Corp now owns 1,281,342 shares of the technology company’s stock valued at $66,233,000 after purchasing an additional 1,274,076 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Price Performance

NTNX stock opened at $49.31 on Monday. The company has a market cap of $13.33 billion, a P/E ratio of 51.91, a price-to-earnings-growth ratio of 4.35 and a beta of 0.62. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42. The stock’s fifty day moving average price is $44.67 and its 200-day moving average price is $44.54.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results 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 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 business posted $0.22 EPS. As a group, analysts expect that Nutanix will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NTNX. Royal Bank Of Canada increased their target price on Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Barclays increased their target price on Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wells Fargo & Company increased their target price on Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, The Goldman Sachs Group reiterated 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

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.