Motley Fool Asset Management LLC Sells 42,334 Shares of Nutanix $NTNX

Motley Fool Asset Management LLC cut its position in shares of Nutanix (NASDAQ:NTNX) by 83.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,686 shares of the technology company’s stock after selling 42,334 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Nutanix were worth $449,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NTNX. New Millennium Group LLC bought a new position in shares of Nutanix during the 4th quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in shares of Nutanix during the 4th quarter valued at about $39,000. Covestor Ltd increased its position in shares of Nutanix by 73.1% during the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after purchasing an additional 324 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after purchasing an additional 502 shares during the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of Nutanix during the 3rd quarter valued at about $68,000. 85.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on NTNX shares. JPMorgan Chase & Co. raised their price target on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Wells Fargo & Company raised their price target on Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Nutanix from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Rosenblatt Securities restated a “buy” rating and set a $60.00 price target on shares of Nutanix in a research report on Friday, May 29th. Finally, Barclays raised their price target on Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and an average price target of $60.00.

Nutanix Price Performance

NTNX opened at $49.66 on Thursday. The stock’s 50 day simple moving average is $44.22 and its 200 day simple moving average is $44.66. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of 52.27, a PEG ratio of 4.47 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $364.94 million for the quarter, compared to analyst estimates of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. As a group, sell-side analysts anticipate that Nutanix will post 0.71 EPS 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.