Nutanix $NTNX Holdings Trimmed by Waverly Advisors LLC

Waverly Advisors LLC reduced its position in shares of Nutanix (NASDAQ:NTNX) by 51.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,401 shares of the technology company’s stock after selling 12,919 shares during the quarter. Waverly Advisors LLC’s holdings in Nutanix were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NTNX. Utah Retirement Systems grew its holdings in shares of Nutanix by 0.6% during the fourth quarter. Utah Retirement Systems now owns 42,355 shares of the technology company’s stock valued at $2,189,000 after buying an additional 257 shares in the last quarter. International Assets Investment Management LLC raised its position in Nutanix by 5.8% during the first quarter. International Assets Investment Management LLC now owns 4,700 shares of the technology company’s stock valued at $179,000 after buying an additional 259 shares during the period. Asset Management One Co. Ltd. lifted its stake in Nutanix by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock worth $4,868,000 after acquiring an additional 260 shares in the last quarter. Summit Securities Group LLC lifted its stake in Nutanix by 26.4% in the 4th quarter. Summit Securities Group LLC now owns 1,356 shares of the technology company’s stock worth $70,000 after acquiring an additional 283 shares in the last quarter. Finally, Covestor Ltd boosted its position in Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after acquiring an additional 324 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Up 3.5%

NTNX stock opened at $61.06 on Tuesday. The firm has a market cap of $16.51 billion, a PE ratio of 64.27, a PEG ratio of 5.20 and a beta of 0.60. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42. The company has a fifty day simple moving average of $52.44 and a 200 day simple moving average of $45.18.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company had revenue of $703.07 million for the quarter, compared to analyst estimates of $686.34 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts forecast that Nutanix will post 0.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on NTNX. KeyCorp reaffirmed an “overweight” rating on shares of Nutanix in a research note on Thursday, May 28th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a research report on Thursday, May 28th. Barclays increased their target price 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. Bank of America lifted their target price on shares of Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Needham & Company LLC upped their price target on shares of Nutanix from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

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.