South Dakota Investment Council Acquires 12,200 Shares of Nutanix $NTNX

South Dakota Investment Council lifted its holdings in shares of Nutanix (NASDAQ:NTNX) by 27.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,377 shares of the technology company’s stock after purchasing an additional 12,200 shares during the period. South Dakota Investment Council’s holdings in Nutanix were worth $2,181,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC raised its position in Nutanix by 72.8% during the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after purchasing an additional 4,826,443 shares during the last quarter. Norges Bank acquired a new position in Nutanix during the 4th quarter worth about $187,169,000. FIL Ltd grew its position in shares of Nutanix by 180.1% in the 4th quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock valued at $224,021,000 after buying an additional 2,786,929 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of Nutanix by 926.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,687,387 shares of the technology company’s stock valued at $138,911,000 after buying an additional 2,425,665 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Nutanix by 592.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,601,351 shares of the technology company’s stock valued at $82,774,000 after buying an additional 1,370,047 shares during the period. Institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

NTNX has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on Nutanix from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 target price on shares of Nutanix in a report on Friday, May 29th. Piper Sandler reissued an “overweight” rating on shares of Nutanix in a research report on Wednesday, June 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Nutanix in a research report on Thursday, May 28th. Finally, Morgan Stanley raised their price target on shares of Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $59.01 on Friday. The company has a market capitalization of $15.95 billion, a price-to-earnings ratio of 62.12, a P/E/G ratio of 5.22 and a beta of 0.61. The business’s 50-day moving average is $52.16 and its 200-day moving average is $45.18. Nutanix has a 1 year low of $34.01 and a 1 year high of $82.42.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.35 by $0.12. The company had revenue of $703.07 million for 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 for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. Analysts anticipate that Nutanix will post 0.71 EPS 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.