Swiss National Bank Has $54.61 Million Stock Holdings in Nutanix $NTNX

Swiss National Bank trimmed its position in Nutanix (NASDAQ:NTNX) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 734,100 shares of the technology company’s stock after selling 32,200 shares during the quarter. Swiss National Bank owned about 0.27% of Nutanix worth $54,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. SJS Investment Consulting Inc. grew its stake in Nutanix by 3,122.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after buying an additional 687 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in Nutanix by 33.0% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock worth $57,000 after acquiring an additional 186 shares during the last quarter. Optiver Holding B.V. bought a new stake in Nutanix during the third quarter valued at about $68,000. Wilmington Savings Fund Society FSB grew its position in shares of Nutanix by 135.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after purchasing an additional 609 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Nutanix by 31.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after purchasing an additional 291 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group boosted their price objective on Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Zacks Research lowered Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Wall Street Zen cut Nutanix from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Oppenheimer initiated coverage on shares of Nutanix in a research report on Monday, November 17th. They set an “outperform” rating and a $90.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.43.

Nutanix Stock Down 1.0%

Nutanix stock opened at $38.24 on Thursday. The business has a 50 day moving average price of $43.11 and a two-hundred day moving average price of $57.02. Nutanix has a 12 month low of $35.39 and a 12 month high of $83.36. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 4.13 and a beta of 0.49.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data 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 analyst estimates of $709.83 million. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.Nutanix’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. On average, analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

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.