Waverly Advisors LLC Has $471,000 Stock Position in Nutanix $NTNX

Waverly Advisors LLC cut its holdings in shares of Nutanix (NASDAQ:NTNX) by 51.0% in the first quarter, Holdings Channel reports. The institutional investor owned 12,401 shares of the technology company’s stock after selling 12,919 shares during the quarter. Waverly Advisors LLC’s holdings in Nutanix were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NTNX. Granahan Investment Management LLC grew its position in Nutanix by 2.8% during the first quarter. Granahan Investment Management LLC now owns 156,318 shares of the technology company’s stock worth $5,942,000 after buying an additional 4,317 shares in the last quarter. Entropy Technologies LP acquired a new position in Nutanix in the 1st quarter valued at approximately $2,212,000. Sentinel Advisory Group LLC bought a new stake in shares of Nutanix in the 1st quarter worth approximately $413,000. Public Employees Retirement System of Ohio lifted its position in shares of Nutanix by 2.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 79,582 shares of the technology company’s stock worth $3,025,000 after acquiring an additional 1,614 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Nutanix by 628.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,185,120 shares of the technology company’s stock worth $45,046,000 after purchasing an additional 1,022,516 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Royal Bank Of Canada boosted their price target on shares of Nutanix from $55.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. The Goldman Sachs Group restated a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th. Finally, UBS Group raised their price objective on shares of Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Nutanix Price Performance

Shares of NTNX stock opened at $61.06 on Tuesday. The stock’s fifty day simple moving average is $52.44 and its 200 day simple moving average is $45.18. Nutanix has a one year low of $34.01 and a one year high of $82.42. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 64.27, a P/E/G ratio of 5.20 and a beta of 0.60.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company had revenue of $703.07 million during the quarter, compared to analysts’ expectations of $686.34 million. During the same period last year, the business earned $0.22 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. On average, research analysts anticipate that Nutanix will post 0.71 earnings per share for the current year.

About Nutanix

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.