Tobam Boosts Holdings in Nutanix $NTNX

Tobam lifted its holdings in Nutanix (NASDAQ:NTNX) by 135.4% in the fourth quarter, HoldingsChannel reports. The firm owned 23,350 shares of the technology company’s stock after buying an additional 13,430 shares during the quarter. Tobam’s holdings in Nutanix were worth $1,207,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. New Millennium Group LLC acquired a new stake in Nutanix during the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of Nutanix in the fourth quarter worth $39,000. Covestor Ltd grew its stake in shares of Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after acquiring an additional 324 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Nutanix by 159.4% during the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after acquiring an additional 502 shares during the period. Finally, GW&K Investment Management LLC increased its position in shares of Nutanix by 78.7% during the fourth quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock worth $51,000 after acquiring an additional 432 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTNX. Bank of America increased their price objective on Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC boosted their target price on Nutanix from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. upped their price target on Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Wells Fargo & Company increased their price target on Nutanix from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group reiterated 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $46.90 on Friday. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 49.37, a price-to-earnings-growth ratio of 4.13 and a beta of 0.62. The business has a 50-day moving average of $45.42 and a two-hundred day moving average of $44.47. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data 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 negative return on equity of 38.96% and a net margin of 10.03%.The business had revenue of $364.94 million during the quarter, compared to analysts’ expectations of $686.34 million. During the same period in the prior year, the firm posted $0.22 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Nutanix will post 0.71 earnings per share 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.