Nutanix $NTNX Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its holdings in shares of Nutanix (NASDAQ:NTNX) by 25.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 750,188 shares of the technology company’s stock after buying an additional 153,280 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Nutanix were worth $38,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Crestwood Advisors Group LLC lifted its stake in Nutanix by 0.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock valued at $3,236,000 after acquiring an additional 161 shares during the period. Asset Management One Co. Ltd. lifted its stake in Nutanix by 0.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock valued at $4,868,000 after acquiring an additional 260 shares during the period. Smartleaf Asset Management LLC lifted its stake in Nutanix by 31.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after acquiring an additional 291 shares during the period. Jones Financial Companies Lllp lifted its stake in Nutanix by 20.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,859 shares of the technology company’s stock valued at $143,000 after acquiring an additional 321 shares during the period. Finally, Optimist Retirement Group LLC lifted its stake in Nutanix by 5.8% during the 2nd quarter. Optimist Retirement Group LLC now owns 6,380 shares of the technology company’s stock valued at $488,000 after acquiring an additional 349 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on NTNX shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $55.00 target price on shares of Nutanix in a research note on Wednesday, April 8th. Wells Fargo & Company decreased their target price on shares of Nutanix from $57.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. William Blair reiterated a “market perform” rating on shares of Nutanix in a research note on Monday, March 23rd. Barclays decreased their target price on shares of Nutanix from $53.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group decreased their target price on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.87.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $46.34 on Friday. The firm has a market cap of $12.29 billion, a PE ratio of 50.37, a PEG ratio of 5.18 and a beta of 0.54. The firm has a fifty day moving average of $40.51 and a 200 day moving average of $47.05. Nutanix has a one year low of $34.01 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12. The company had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, equities analysts predict that Nutanix will post 0.56 EPS for the current fiscal 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.