WINTON GROUP Ltd Buys New Shares in Nutanix $NTNX

WINTON GROUP Ltd bought a new stake in Nutanix (NASDAQ:NTNX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 71,511 shares of the technology company’s stock, valued at approximately $3,696,000.

A number of other institutional investors have also recently bought and sold shares of NTNX. Norges Bank purchased a new stake in Nutanix in the fourth quarter valued at approximately $187,169,000. AQR Capital Management LLC grew its stake in Nutanix by 40.6% during the third quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock worth $492,928,000 after buying an additional 1,914,005 shares during the period. M&T Bank Corp grew its stake in Nutanix by 17,534.8% during the fourth quarter. M&T Bank Corp now owns 1,281,342 shares of the technology company’s stock worth $66,233,000 after buying an additional 1,274,076 shares during the period. Vanguard Group Inc. grew its stake in Nutanix by 4.6% during the third quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock worth $1,984,909,000 after buying an additional 1,167,193 shares during the period. Finally, Northern Trust Corp grew its stake in Nutanix by 48.9% during the third quarter. Northern Trust Corp now owns 2,357,148 shares of the technology company’s stock worth $175,348,000 after buying an additional 774,572 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Performance

NASDAQ NTNX opened at $53.64 on Monday. The company’s fifty day simple moving average is $43.48 and its 200-day simple moving average is $44.88. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The stock has a market cap of $14.23 billion, a P/E ratio of 56.46, a PEG ratio of 5.99 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last posted its 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 net margin of 10.03% and a negative return on equity of 38.96%. The business had revenue of $364.94 million for the quarter, compared to analysts’ expectations of $686.34 million. During the same period in the previous year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, research analysts expect that Nutanix will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. KeyCorp reiterated an “overweight” rating on shares of Nutanix in a research note on Thursday, May 28th. Wells Fargo & Company boosted their price objective on shares of Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Royal Bank Of Canada boosted their price objective on shares of Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th. Finally, Barclays boosted their price objective on shares of Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.