Nutanix $NTNX Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Nutanix (NASDAQ:NTNX) by 308.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,135,857 shares of the technology company’s stock after buying an additional 857,559 shares during the quarter. Pacer Advisors Inc.’s holdings in Nutanix were worth $43,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. New Millennium Group LLC bought a new position in shares of Nutanix during the fourth quarter worth about $28,000. Western Wealth Management LLC bought a new stake in Nutanix in the 1st quarter valued at about $27,000. V Square Quantitative Management LLC bought a new stake in Nutanix in the 4th quarter valued at about $39,000. Covestor Ltd boosted its stake in 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 period. Finally, Harbour Investments Inc. boosted its stake in 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 period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

NTNX has been the topic of several analyst reports. UBS Group raised their price target on shares of Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wells Fargo & Company boosted their price objective on Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Needham & Company LLC boosted their price objective on Nutanix from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Barclays increased their price objective on Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $60.00 target price on shares of Nutanix in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Stock Up 3.5%

Shares of NTNX opened at $61.06 on Tuesday. The firm has a 50-day moving average price of $52.44 and a 200 day moving average price of $45.18. The firm has a market capitalization of $16.51 billion, a PE ratio of 64.27, a P/E/G ratio of 5.20 and a beta of 0.60. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $703.07 million for the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. Nutanix’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. On average, equities analysts expect that Nutanix will post 0.71 EPS for the current year.

Nutanix Company 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.