116,467 Shares in Nutanix $NTNX Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Nutanix (NASDAQ:NTNX) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 116,467 shares of the technology company’s stock, valued at approximately $4,427,000.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Nutanix by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company’s stock worth $1,422,247,000 after buying an additional 832,468 shares during the period. AQR Capital Management LLC lifted its stake in Nutanix by 72.8% in the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after acquiring an additional 4,826,443 shares in the last quarter. Geode Capital Management LLC boosted its position in Nutanix by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,283,964 shares of the technology company’s stock worth $272,452,000 after acquiring an additional 135,533 shares during the period. FIL Ltd increased its holdings in shares of Nutanix by 180.1% in the 4th quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock valued at $224,021,000 after purchasing an additional 2,786,929 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Nutanix by 14.0% in the 4th quarter. First Trust Advisors LP now owns 3,647,276 shares of the technology company’s stock valued at $188,528,000 after purchasing an additional 447,806 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Performance

NASDAQ:NTNX opened at $51.28 on Monday. The company has a market capitalization of $13.86 billion, a P/E ratio of 53.98, a P/E/G ratio of 4.52 and a beta of 0.61. The stock’s 50 day moving average price is $47.58 and its 200 day moving average price is $44.60. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42.

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

Wall Street Analyst Weigh In

Several analysts recently commented on NTNX shares. Wall Street Zen upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a report on Saturday. William Blair reiterated a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. Rosenblatt Securities reissued a “buy” rating and set a $60.00 target price on shares of Nutanix in a research note on Friday, May 29th. Bank of America boosted their price target on shares of Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, KeyCorp reaffirmed an “overweight” 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 given a Hold rating to the company. According to MarketBeat.com, the company presently has an average 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.