Stephens Investment Management Group LLC Raises Stock Position in Nutanix $NTNX

Stephens Investment Management Group LLC grew its holdings in Nutanix (NASDAQ:NTNX) by 25.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 750,188 shares of the technology company’s stock after buying an additional 153,280 shares during the period. Stephens Investment Management Group LLC owned approximately 0.28% of Nutanix worth $38,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NTNX. Crestwood Advisors Group LLC grew its position in shares of Nutanix by 0.4% in the 3rd quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock worth $3,236,000 after buying an additional 161 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of 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 buying an additional 260 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Nutanix by 31.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after buying an additional 291 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Nutanix by 20.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,859 shares of the technology company’s stock worth $143,000 after buying an additional 321 shares during the last quarter. Finally, Optimist Retirement Group LLC grew its position in shares of Nutanix by 5.8% in the 2nd quarter. Optimist Retirement Group LLC now owns 6,380 shares of the technology company’s stock worth $488,000 after buying an additional 349 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Trading Up 1.8%

NASDAQ:NTNX opened at $46.34 on Friday. The company has a market cap of $12.29 billion, a PE ratio of 50.37, a P/E/G ratio of 5.18 and a beta of 0.54. Nutanix has a twelve month low of $34.01 and a twelve month high of $83.36. The company’s 50 day moving average is $40.51 and its two-hundred day moving average is $47.05.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.12. The company had revenue of $722.83 million for the quarter, compared to the consensus estimate of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. Nutanix’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. As a group, analysts expect that Nutanix will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NTNX. Barclays cut their price objective on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. The Goldman Sachs Group cut their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. William Blair reaffirmed a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Morgan Stanley dropped their target price on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.87.

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.