Lido Advisors LLC Buys 10,264 Shares of Nutanix $NTNX

Lido Advisors LLC lifted its stake in Nutanix (NASDAQ:NTNX) by 352.5% in the 1st quarter, HoldingsChannel reports. The firm owned 13,176 shares of the technology company’s stock after buying an additional 10,264 shares during the quarter. Lido Advisors LLC’s holdings in Nutanix were worth $501,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NTNX. Vanguard Group Inc. increased its position in shares of Nutanix by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company’s stock valued at $1,422,247,000 after buying an additional 832,468 shares during the period. AQR Capital Management LLC boosted its position in Nutanix by 72.8% during the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock valued at $591,991,000 after acquiring an additional 4,826,443 shares in the last quarter. Geode Capital Management LLC boosted its position in Nutanix by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company’s stock valued at $272,452,000 after acquiring an additional 135,533 shares in the last quarter. FIL Ltd grew its holdings in shares of Nutanix by 180.1% during the 4th quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock worth $224,021,000 after acquiring an additional 2,786,929 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Nutanix by 14.0% during the 4th quarter. First Trust Advisors LP now owns 3,647,276 shares of the technology company’s stock worth $188,528,000 after acquiring an additional 447,806 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $59.26 on Friday. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42. The company has a 50 day simple moving average of $51.92 and a two-hundred day simple moving average of $45.08. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 62.38, a P/E/G ratio of 5.25 and a beta of 0.61.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The firm had revenue of $703.07 million for the quarter, compared to analysts’ expectations of $686.34 million. During the same period in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts forecast that Nutanix will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

NTNX has been the subject of a number of research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $60.00 target price on shares of Nutanix in a research note on Friday, May 29th. Wall Street Zen raised Nutanix from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Royal Bank Of Canada increased their price objective on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wells Fargo & Company raised their price objective on Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, KeyCorp restated an “overweight” rating on shares of Nutanix in a report on Thursday, May 28th. One 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.00.

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.