Janus Henderson Group PLC Purchases 97,884 Shares of Nutanix $NTNX

Janus Henderson Group PLC raised its position in shares of Nutanix (NASDAQ:NTNX) by 491.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,800 shares of the technology company’s stock after acquiring an additional 97,884 shares during the quarter. Janus Henderson Group PLC’s holdings in Nutanix were worth $4,477,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. New Millennium Group LLC acquired a new position in shares of Nutanix in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new stake in Nutanix during the fourth quarter worth approximately $39,000. Covestor Ltd increased its holdings in Nutanix by 73.1% in the fourth 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. Harbour Investments Inc. increased its holdings in Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after purchasing an additional 502 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Nutanix by 78.7% in the fourth quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after buying an additional 432 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

NTNX stock opened at $60.12 on Friday. The company has a market capitalization of $16.25 billion, a P/E ratio of 63.28, a price-to-earnings-growth ratio of 4.04 and a beta of 0.60. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The business has a 50-day simple moving average of $53.25 and a two-hundred day simple moving average of $45.44.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.12. The company had revenue of $703.07 million for the quarter, compared to analysts’ expectations of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.Nutanix’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, sell-side analysts forecast that Nutanix will post 0.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America raised their price objective on shares of Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Piper Sandler reissued an “overweight” rating on shares of Nutanix in a research note on Wednesday, June 24th. KeyCorp restated an “overweight” rating on shares of Nutanix in a report on Thursday, May 28th. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned 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 price target of $60.00.

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.