Pacer Advisors Inc. Purchases 69,517 Shares of Nutanix $NTNX

Pacer Advisors Inc. boosted its position in shares of Nutanix (NASDAQ:NTNX) by 33.3% in the fourth quarter, Holdings Channel reports. The firm owned 278,298 shares of the technology company’s stock after purchasing an additional 69,517 shares during the period. Pacer Advisors Inc.’s holdings in Nutanix were worth $14,385,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NTNX. New Millennium Group LLC acquired a new stake in Nutanix in the fourth quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of Nutanix in the 4th quarter valued at $39,000. Covestor Ltd grew its holdings in shares of Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after buying an additional 324 shares during the period. Harbour Investments Inc. increased its position in shares of Nutanix by 159.4% in the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after buying an additional 502 shares in the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of Nutanix by 78.7% in the 4th quarter. GW&K Investment Management LLC now owns 981 shares of the technology company’s stock valued at $51,000 after buying an additional 432 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

NASDAQ:NTNX opened at $46.90 on Friday. The stock has a 50-day simple moving average of $45.42 and a 200 day simple moving average of $44.47. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The company has a market cap of $12.68 billion, a PE ratio of 49.37, a PEG ratio of 4.13 and a beta of 0.62.

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

Analyst Ratings Changes

NTNX has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Nutanix from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Bank of America boosted their target price on Nutanix from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. UBS Group increased their price target on Nutanix from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $60.00 price target on shares of Nutanix in a research report on Friday, May 29th. Finally, KeyCorp reiterated an “overweight” rating on shares of Nutanix in a report on Thursday, May 28th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix 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.