Thornburg Investment Management Inc. Sells 43,385 Shares of Nutanix $NTNX

Thornburg Investment Management Inc. cut its holdings in shares of Nutanix (NASDAQ:NTNX) by 25.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,597 shares of the technology company’s stock after selling 43,385 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Nutanix were worth $6,699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NTNX. New Millennium Group LLC bought a new stake in Nutanix during the fourth quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in Nutanix during the fourth quarter valued at about $39,000. Covestor Ltd raised its holdings in Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. Harbour Investments Inc. raised its holdings in Nutanix by 159.4% during the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after acquiring an additional 502 shares during the period. Finally, GW&K Investment Management LLC raised its holdings in Nutanix by 78.7% during the fourth quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after acquiring an additional 432 shares during the period. 85.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NTNX. Morgan Stanley lifted their target price on Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Nutanix in a report on Friday, May 29th. Royal Bank Of Canada lifted their target price on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. William Blair reaffirmed a “market perform” rating on shares of Nutanix in a report on Monday, March 23rd. Finally, UBS Group lifted their target price on Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Nutanix Stock Performance

Shares of NTNX stock opened at $49.31 on Monday. Nutanix has a 12-month low of $34.01 and a 12-month high of $82.42. The stock’s 50-day moving average price is $44.67 and its 200-day moving average price is $44.54. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 51.91, a price-to-earnings-growth ratio of 4.35 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.35 by $0.12. The company had revenue of $364.94 million during 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%.The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. As a group, research analysts predict that Nutanix will post 0.71 EPS for the current fiscal 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.