New Age Alpha Advisors LLC Invests $5.79 Million in Nutanix $NTNX

New Age Alpha Advisors LLC bought a new position in shares of Nutanix (NASDAQ:NTNX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 112,014 shares of the technology company’s stock, valued at approximately $5,790,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Millennium Group LLC acquired a new stake in Nutanix in the 4th quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in Nutanix in the 4th quarter worth about $39,000. Covestor Ltd raised its stake in Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Nutanix in the 3rd quarter worth about $68,000. Finally, Wilmington Savings Fund Society FSB raised its stake in Nutanix by 135.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock worth $79,000 after purchasing an additional 609 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NTNX shares. Bank of America dropped their price objective on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $44.00 target price on shares of Nutanix in a research report on Friday, April 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $55.00 target price on shares of Nutanix in a research report on Wednesday, April 8th. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research report on Friday, March 27th. Finally, Needham & Company LLC dropped their target price on shares of Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.87.

Nutanix Stock Performance

Shares of Nutanix stock opened at $47.12 on Monday. The firm has a market capitalization of $12.50 billion, a PE ratio of 51.22, a price-to-earnings-growth ratio of 5.26 and a beta of 0.54. The firm’s 50 day moving average is $41.22 and its 200 day moving average is $46.08. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating 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 net margin of 9.95% and a negative return on equity of 37.41%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. As a group, research analysts anticipate that Nutanix will post 0.56 earnings per share for the current 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.