Generali Asset Management SPA SGR Takes Position in Nutanix $NTNX

Generali Asset Management SPA SGR bought a new stake in shares of Nutanix (NASDAQ:NTNX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 34,820 shares of the technology company’s stock, valued at approximately $1,800,000.

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

Nutanix Stock Performance

Nutanix stock opened at $46.00 on Friday. Nutanix has a 52 week low of $34.01 and a 52 week high of $83.36. The stock has a market capitalization of $12.20 billion, a P/E ratio of 50.00, a price-to-earnings-growth ratio of 5.14 and a beta of 0.54. The stock has a fifty day moving average of $39.83 and a 200-day moving average of $47.90.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group decreased their target price on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. UBS Group boosted their price target on Nutanix from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Bank of America lowered their price target on Nutanix from $75.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, William Blair reissued a “market perform” rating on shares of Nutanix in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.87.

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.