Nutanix $NTNX Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Nutanix (NASDAQ:NTNX) by 114.0% during the first quarter, HoldingsChannel.com reports. The firm owned 338,437 shares of the technology company’s stock after buying an additional 180,314 shares during the quarter. Quantinno Capital Management LP’s holdings in Nutanix were worth $12,864,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Utah Retirement Systems raised its holdings in Nutanix by 0.6% in 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 during the period. International Assets Investment Management LLC grew its stake 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 worth $179,000 after buying an additional 259 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Nutanix by 0.3% in the fourth 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 increased its position in shares of Nutanix by 26.4% in the fourth 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 raised its stake in shares of Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of research reports. Morgan Stanley upped their price target on shares of Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research note on Wednesday, June 24th. JPMorgan Chase & Co. upped their target price on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Northland Securities set a $47.00 target price on Nutanix in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Nutanix in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Nutanix Trading Up 3.5%

Nutanix stock opened at $61.06 on Tuesday. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The stock has a market cap of $16.51 billion, a P/E ratio of 64.27, a price-to-earnings-growth ratio of 5.20 and a beta of 0.60. The stock has a 50 day moving average of $52.44 and a 200-day moving average of $45.18.

Nutanix (NASDAQ:NTNX) last issued 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. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business had revenue of $703.07 million during the quarter, compared to analyst estimates of $686.34 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts predict that Nutanix will post 0.71 earnings per share for the current fiscal 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.