285,273 Shares in Nutanix $NTNX Bought by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in Nutanix (NASDAQ:NTNX) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 285,273 shares of the technology company’s stock, valued at approximately $10,843,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CW Advisors LLC acquired a new stake in Nutanix during the second quarter worth about $273,000. Cerity Partners LLC raised its position in shares of Nutanix by 15.2% in the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock valued at $6,350,000 after buying an additional 10,967 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of Nutanix by 296.5% during the 2nd quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock worth $3,181,000 after acquiring an additional 31,119 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Nutanix by 94.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock worth $3,690,000 after acquiring an additional 23,479 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Nutanix by 164.4% during the 2nd quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock worth $659,000 after acquiring an additional 5,361 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of Nutanix stock opened at $46.94 on Friday. The company’s 50 day moving average price is $46.29 and its two-hundred day moving average price is $44.46. The firm has a market capitalization of $12.69 billion, a P/E ratio of 49.41, a P/E/G ratio of 4.20 and a beta of 0.62. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.12. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The company had revenue of $364.94 million during the quarter, compared to the consensus estimate of $686.34 million. During the same period in the prior year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts expect that Nutanix will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NTNX. Morgan Stanley lifted their price objective on shares of Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Needham & Company LLC lifted their price target on Nutanix from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Bank of America boosted their price target on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. UBS Group upped their price objective on Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen lowered Nutanix from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company 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.