Nomura Asset Management Co. Ltd. Grows Position in Nutanix $NTNX

Nomura Asset Management Co. Ltd. raised its holdings in Nutanix (NASDAQ:NTNX) by 40.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 112,306 shares of the technology company’s stock after acquiring an additional 32,366 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Nutanix were worth $5,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NTNX. Norges Bank bought a new position in shares of Nutanix during the 4th quarter valued at about $187,169,000. AQR Capital Management LLC increased its position in shares of Nutanix by 40.6% during the 3rd quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock valued at $492,928,000 after purchasing an additional 1,914,005 shares during the last quarter. M&T Bank Corp increased its position in shares of Nutanix by 17,534.8% during the 4th quarter. M&T Bank Corp now owns 1,281,342 shares of the technology company’s stock valued at $66,233,000 after purchasing an additional 1,274,076 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Nutanix by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock valued at $1,984,909,000 after purchasing an additional 1,167,193 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Nutanix by 48.9% during the 3rd quarter. Northern Trust Corp now owns 2,357,148 shares of the technology company’s stock valued at $175,348,000 after purchasing an additional 774,572 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley increased 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. Piper Sandler reiterated an “overweight” rating and set a $60.00 price objective (down from $63.00) on shares of Nutanix in a research report on Thursday, May 28th. William Blair reiterated a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. JPMorgan Chase & Co. increased their price objective on Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Finally, Bank of America increased their price objective on Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.00.

Nutanix Stock Up 3.6%

NTNX opened at $54.97 on Friday. The stock has a market cap of $14.58 billion, a PE ratio of 57.86, a PEG ratio of 5.93 and a beta of 0.62. The business has a 50 day moving average of $43.18 and a 200-day moving average of $44.96. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $364.94 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Equities analysts anticipate that Nutanix will post 0.56 EPS for the current 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.