Nutanix $NTNX Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC lowered its position in shares of Nutanix (NASDAQ:NTNX) by 99.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,862 shares of the technology company’s stock after selling 605,101 shares during the period. Eventide Asset Management LLC’s holdings in Nutanix were worth $305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Nutanix by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company’s stock valued at $1,422,247,000 after purchasing an additional 832,468 shares during the period. AQR Capital Management LLC grew its position in shares of Nutanix by 40.6% during the third quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock worth $492,928,000 after acquiring an additional 1,914,005 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Nutanix by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company’s stock valued at $272,452,000 after acquiring an additional 135,533 shares during the period. First Trust Advisors LP raised its position in Nutanix by 14.0% in the 4th quarter. First Trust Advisors LP now owns 3,647,276 shares of the technology company’s stock valued at $188,528,000 after purchasing an additional 447,806 shares during the last quarter. Finally, Norges Bank acquired a new stake in Nutanix during the 4th quarter worth $187,169,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on NTNX shares. Barclays raised their price objective on shares of Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Morgan Stanley increased their target price on shares of Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. KeyCorp reissued an “overweight” rating on shares of Nutanix in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a research note on Friday, March 27th. Finally, Royal Bank Of Canada lifted 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. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Stock Up 0.2%

Shares of NASDAQ:NTNX opened at $49.40 on Tuesday. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42. The firm’s 50-day simple moving average is $44.84 and its 200-day simple moving average is $44.47. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 4.35 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.12. The firm had revenue of $364.94 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. On average, research analysts forecast that Nutanix will post 0.71 EPS for the current 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.