Nutanix $NTNX Shares Purchased by Tobam

Tobam boosted its position in shares of Nutanix (NASDAQ:NTNX) by 135.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,350 shares of the technology company’s stock after purchasing an additional 13,430 shares during the period. Tobam’s holdings in Nutanix were worth $1,207,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NTNX. Vinva Investment Management Ltd lifted its holdings in Nutanix by 222.8% in the third quarter. Vinva Investment Management Ltd now owns 353,511 shares of the technology company’s stock valued at $27,221,000 after acquiring an additional 244,006 shares during the last quarter. Nordea Investment Management AB increased its stake in Nutanix by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock worth $181,734,000 after acquiring an additional 653,042 shares during the last quarter. SG Americas Securities LLC increased its stake in Nutanix by 1,196.7% during the fourth quarter. SG Americas Securities LLC now owns 139,509 shares of the technology company’s stock worth $7,211,000 after acquiring an additional 128,750 shares during the last quarter. Intech Investment Management LLC raised its position in Nutanix by 467.9% in the third quarter. Intech Investment Management LLC now owns 104,898 shares of the technology company’s stock valued at $7,803,000 after purchasing an additional 86,427 shares during the period. Finally, Ossiam raised its position in Nutanix by 85.5% in the third quarter. Ossiam now owns 139,672 shares of the technology company’s stock valued at $10,390,000 after purchasing an additional 64,392 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Price Performance

NASDAQ:NTNX opened at $46.90 on Friday. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The stock’s fifty day moving average is $45.42 and its two-hundred day moving average is $44.47. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 49.37, a price-to-earnings-growth ratio of 4.13 and a beta of 0.62.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NTNX. JPMorgan Chase & Co. increased their price target on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Northland Securities set a $47.00 price objective on shares of Nutanix in a report on Thursday, May 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a research report on Thursday, May 28th. William Blair reaffirmed a “market perform” rating on shares of Nutanix in a research note on Monday, March 23rd. Finally, Morgan Stanley lifted their price target on shares of Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Ten equities 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.