Nutanix $NTNX Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lowered its holdings in shares of Nutanix (NASDAQ:NTNX) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,001 shares of the technology company’s stock after selling 21,108 shares during the period. Granahan Investment Management LLC owned 0.06% of Nutanix worth $7,857,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vinva Investment Management Ltd boosted its stake in Nutanix by 222.8% during the 3rd quarter. Vinva Investment Management Ltd now owns 353,511 shares of the technology company’s stock worth $27,221,000 after purchasing an additional 244,006 shares during the period. Nordea Investment Management AB lifted its stake in shares of Nutanix by 22.8% in the 4th quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock worth $181,734,000 after acquiring an additional 653,042 shares during the period. SG Americas Securities LLC lifted its stake in shares of Nutanix by 1,196.7% in the 4th quarter. SG Americas Securities LLC now owns 139,509 shares of the technology company’s stock worth $7,211,000 after acquiring an additional 128,750 shares during the period. Intech Investment Management LLC lifted its stake in shares of Nutanix by 467.9% in the 3rd quarter. Intech Investment Management LLC now owns 104,898 shares of the technology company’s stock worth $7,803,000 after acquiring an additional 86,427 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Nutanix by 39.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 376,665 shares of the technology company’s stock worth $28,013,000 after acquiring an additional 106,665 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Down 2.2%

Shares of NASDAQ NTNX opened at $48.32 on Wednesday. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The firm has a 50-day moving average price of $44.98 and a 200 day moving average price of $44.47. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 50.86, a price-to-earnings-growth ratio of 4.35 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The firm had revenue of $364.94 million during the quarter, compared to analysts’ expectations of $686.34 million. During the same quarter last year, the business earned $0.22 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts expect that Nutanix will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on NTNX. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research note on Friday, March 27th. The Goldman Sachs Group restated a “buy” rating on shares of Nutanix in a research note on Thursday, May 28th. KeyCorp restated an “overweight” rating on shares of Nutanix in a research note on Thursday, May 28th. Barclays raised their target price on shares of Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their target price 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. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.