Nutanix $NTNX Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Nutanix (NASDAQ:NTNX) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 231,304 shares of the technology company’s stock after buying an additional 14,864 shares during the period. Victory Capital Management Inc. owned about 0.09% of Nutanix worth $17,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd boosted its position in Nutanix by 67.3% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock valued at $2,218,000 after buying an additional 11,670 shares during the period. Norges Bank acquired a new stake in shares of Nutanix in the second quarter valued at $263,938,000. Swiss National Bank raised its stake in shares of Nutanix by 6.7% in the second quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock valued at $58,576,000 after acquiring an additional 48,400 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Nutanix by 1,069.5% in the second quarter. Prudential Financial Inc. now owns 222,472 shares of the technology company’s stock valued at $15,560,000 after purchasing an additional 203,449 shares during the period. Finally, Schroder Investment Management Group grew its stake in Nutanix by 19.1% during the 2nd quarter. Schroder Investment Management Group now owns 1,190,376 shares of the technology company’s stock worth $90,992,000 after purchasing an additional 191,314 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank Of Canada set a $55.00 price target on Nutanix in a report on Wednesday, February 11th. KeyCorp lowered their price objective on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research note on Monday, December 29th. Barclays reduced their target price on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, Wall Street Zen cut shares of Nutanix from a “buy” rating to a “hold” rating in a report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.43.

Nutanix Trading Down 2.8%

NTNX stock opened at $38.63 on Wednesday. The stock has a market cap of $10.45 billion, a P/E ratio of 41.99, a PEG ratio of 4.25 and a beta of 0.49. Nutanix has a twelve month low of $35.39 and a twelve month high of $83.36. The company’s 50 day moving average is $43.38 and its two-hundred day moving average is $57.15.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The firm had revenue of $722.83 million for the quarter, compared to the consensus estimate of $709.83 million. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was up 10.4% on a year-over-year basis. On average, equities research analysts predict that Nutanix will post 0.31 earnings per share for the current year.

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.