Nutanix $NTNX Shares Acquired by Jericho Capital Asset Management L.P.

Jericho Capital Asset Management L.P. lifted its position in shares of Nutanix (NASDAQ:NTNX) by 27.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,107,481 shares of the technology company’s stock after purchasing an additional 666,000 shares during the period. Nutanix comprises about 1.8% of Jericho Capital Asset Management L.P.’s holdings, making the stock its 20th largest position. Jericho Capital Asset Management L.P.’s holdings in Nutanix were worth $160,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Millennium Group LLC purchased a new stake in Nutanix during the 4th quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in Nutanix during the fourth quarter worth approximately $39,000. Covestor Ltd boosted its holdings in shares of Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares in the last quarter. Harbour Investments Inc. boosted its stake in Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after acquiring an additional 502 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in shares of Nutanix by 78.7% in the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after purchasing an additional 432 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NTNX stock opened at $46.47 on Thursday. The business’s fifty day moving average price is $45.12 and its 200 day moving average price is $44.46. The firm has a market capitalization of $12.56 billion, a PE ratio of 48.92, a P/E/G ratio of 4.26 and a beta of 0.62. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $364.94 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. Equities research analysts expect that Nutanix will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NTNX. 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. Royal Bank Of Canada upped their target price on shares of Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Northland Securities set a $47.00 price target on Nutanix in a report on Thursday, May 28th. Barclays boosted their price target on Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.