Daiwa Securities Group Inc. Sells 28,123 Shares of Nutanix $NTNX

Daiwa Securities Group Inc. lessened its position in Nutanix (NASDAQ:NTNX) by 48.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,805 shares of the technology company’s stock after selling 28,123 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Nutanix were worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NTNX. Crestwood Advisors Group LLC boosted its position in Nutanix by 0.4% during the third quarter. Crestwood Advisors Group LLC now owns 43,499 shares of the technology company’s stock valued at $3,236,000 after buying an additional 161 shares during the period. Asset Management One Co. Ltd. lifted its stake in Nutanix by 0.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock worth $4,868,000 after acquiring an additional 260 shares during the period. Smartleaf Asset Management LLC lifted its stake in Nutanix by 31.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock worth $94,000 after acquiring an additional 291 shares during the period. Jones Financial Companies Lllp lifted its holdings in Nutanix by 20.9% in the third quarter. Jones Financial Companies Lllp now owns 1,859 shares of the technology company’s stock worth $143,000 after buying an additional 321 shares during the period. Finally, Covestor Ltd lifted its holdings in Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after buying an additional 324 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

NTNX opened at $49.66 on Thursday. The stock has a market cap of $13.42 billion, a price-to-earnings ratio of 52.27, a price-to-earnings-growth ratio of 4.47 and a beta of 0.62. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42. The firm’s fifty day moving average is $44.22 and its 200 day moving average is $44.66.

Nutanix (NASDAQ:NTNX) last announced 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 business had revenue of $364.94 million for the quarter, compared to analysts’ expectations of $686.34 million. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. On average, equities research analysts predict that Nutanix will post 0.71 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NTNX shares. Morgan Stanley lifted their target price on shares of Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Barclays raised their price target on shares of Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Wells Fargo & Company lifted their target price on shares of Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Royal Bank Of Canada lifted their target price on shares of Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, KeyCorp reissued an “overweight” rating on shares of Nutanix in a research report on Thursday, May 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.