Harel Insurance Investments & Financial Services Ltd. Purchases 57,629 Shares of Nutanix $NTNX

Harel Insurance Investments & Financial Services Ltd. grew its position in Nutanix (NASDAQ:NTNX) by 61.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 152,128 shares of the technology company’s stock after acquiring an additional 57,629 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Nutanix were worth $7,863,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NTNX. Vanguard Group Inc. raised its position in Nutanix by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 27,514,943 shares of the technology company’s stock worth $1,422,247,000 after purchasing an additional 832,468 shares during the last quarter. AQR Capital Management LLC raised its position in Nutanix by 40.6% during the 3rd quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock worth $492,928,000 after purchasing an additional 1,914,005 shares during the last quarter. Federated Hermes Inc. raised its position in Nutanix by 10.7% during the 3rd quarter. Federated Hermes Inc. now owns 3,559,876 shares of the technology company’s stock worth $264,819,000 after purchasing an additional 344,076 shares during the last quarter. Nordea Investment Management AB raised its position in Nutanix by 22.8% during the 4th quarter. Nordea Investment Management AB now owns 3,517,888 shares of the technology company’s stock worth $181,734,000 after purchasing an additional 653,042 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Nutanix by 1.1% during the 3rd quarter. First Trust Advisors LP now owns 3,199,470 shares of the technology company’s stock worth $238,008,000 after purchasing an additional 34,646 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NTNX has been the subject of several analyst reports. Needham & Company LLC lowered their target price on Nutanix from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. UBS Group raised their target price on Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Bank of America lowered their target price on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. William Blair reaffirmed a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $44.00 target price on shares of Nutanix in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and an average price target of $60.87.

Nutanix Stock Performance

NTNX stock opened at $43.43 on Wednesday. The company has a market capitalization of $11.52 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 4.89 and a beta of 0.54. Nutanix has a 52-week low of $34.01 and a 52-week high of $83.36. The business has a 50-day simple moving average of $39.55 and a two-hundred day simple moving average of $48.22.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12. The business had revenue of $722.83 million during the quarter, compared to the consensus estimate of $709.83 million. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. As a group, sell-side analysts forecast that Nutanix will post 0.56 earnings per share for the current fiscal year.

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.