DNB Asset Management AS Sells 12,009 Shares of Nutanix $NTNX

DNB Asset Management AS decreased its holdings in shares of Nutanix (NASDAQ:NTNX) by 21.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 44,091 shares of the technology company’s stock after selling 12,009 shares during the period. DNB Asset Management AS’s holdings in Nutanix were worth $2,279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Nutanix during the fourth quarter valued at approximately $39,000. Optiver Holding B.V. purchased a new stake in shares of Nutanix during the third quarter valued at approximately $68,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Nutanix by 135.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after buying an additional 609 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Nutanix by 31.2% during the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after buying an additional 291 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Nutanix by 673.8% during the third quarter. Hantz Financial Services Inc. now owns 1,478 shares of the technology company’s stock valued at $110,000 after buying an additional 1,287 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the topic of a number of recent analyst reports. Piper Sandler cut their price target on shares of Nutanix from $72.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Barclays cut their price target on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. William Blair reiterated a “market perform” rating on shares of Nutanix in a report on Monday, March 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $44.00 price target on shares of Nutanix in a report on Friday, April 10th. Finally, Bank of America cut their price target on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $60.87.

Nutanix Trading Down 6.7%

Shares of NTNX stock opened at $45.03 on Thursday. Nutanix has a 12-month low of $34.01 and a 12-month high of $82.42. The firm’s 50 day moving average is $40.92 and its 200 day moving average is $46.43. The stock has a market capitalization of $11.94 billion, a P/E ratio of 48.95, a P/E/G ratio of 5.39 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.12. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The company had revenue of $722.83 million for the quarter, compared to analysts’ expectations of $709.83 million. During the same quarter last year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities analysts predict that Nutanix will post 0.56 earnings per share 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.