Dimensional Fund Advisors LP Acquires 331,700 Shares of Nutanix $NTNX

Dimensional Fund Advisors LP increased its holdings in shares of Nutanix (NASDAQ:NTNX) by 26.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,589,508 shares of the technology company’s stock after purchasing an additional 331,700 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Nutanix were worth $60,416,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Katamaran Capital LLP boosted its position in shares of Nutanix by 270.0% during the fourth quarter. Katamaran Capital LLP now owns 86,094 shares of the technology company’s stock worth $4,450,000 after purchasing an additional 62,825 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in Nutanix during the 4th quarter worth approximately $1,800,000. Azzad Asset Management Inc. ADV raised its holdings in Nutanix by 39.5% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 48,698 shares of the technology company’s stock worth $2,517,000 after buying an additional 13,789 shares during the period. Peregrine Capital Management LLC raised its holdings in Nutanix by 18.5% during the 4th quarter. Peregrine Capital Management LLC now owns 183,568 shares of the technology company’s stock worth $9,489,000 after buying an additional 28,677 shares during the period. Finally, BW Gestao de Investimentos Ltda. lifted its stake in Nutanix by 19.1% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 663,074 shares of the technology company’s stock valued at $34,274,000 after buying an additional 106,420 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $59.01 on Friday. The business has a 50-day moving average of $52.16 and a 200-day moving average of $45.18. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 62.12, a PEG ratio of 5.20 and a beta of 0.61. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42.

Nutanix (NASDAQ:NTNX) last released its 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. The business had revenue of $703.07 million for the quarter, compared to analyst estimates of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.Nutanix’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 earnings per share. On average, sell-side analysts expect that Nutanix will post 0.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NTNX shares. Zacks Research raised Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Bank of America upped their price objective on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Rosenblatt Securities reiterated a “buy” rating and set a $60.00 price objective on shares of Nutanix in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Finally, Royal Bank Of Canada upped their price target on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.