Nutanix $NTNX Shares Sold by Kopp Family Office LLC

Kopp Family Office LLC reduced its position in Nutanix (NASDAQ:NTNX) by 50.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,448 shares of the technology company’s stock after selling 44,493 shares during the period. Nutanix makes up about 1.1% of Kopp Family Office LLC’s holdings, making the stock its 15th biggest holding. Kopp Family Office LLC’s holdings in Nutanix were worth $1,651,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NTNX. New Millennium Group LLC purchased a new stake in shares of Nutanix during the fourth quarter worth about $28,000. V Square Quantitative Management LLC purchased a new position in Nutanix in the fourth quarter valued at about $39,000. Covestor Ltd boosted its holdings in Nutanix by 73.1% in the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after purchasing an additional 324 shares during the last quarter. Harbour Investments Inc. grew its stake in Nutanix by 159.4% during the 4th quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock valued at $42,000 after purchasing an additional 502 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new stake in Nutanix during the 3rd quarter valued at approximately $68,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on NTNX. Rosenblatt Securities reaffirmed a “buy” rating and issued a $60.00 target price on shares of Nutanix in a research report on Friday, May 29th. Barclays raised their price target on shares of Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Northland Securities set a $47.00 price target on shares of Nutanix in a research note on Thursday, May 28th. Morgan Stanley upped their price target on shares of Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Finally, UBS Group upped their price target on shares of Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Nutanix Stock Down 0.8%

Shares of Nutanix stock opened at $47.50 on Thursday. The business has a 50-day moving average price of $46.09 and a 200 day moving average price of $44.46. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $82.42. The firm has a market cap of $12.84 billion, a P/E ratio of 50.00, a P/E/G ratio of 4.22 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, topping analysts’ consensus estimates of $0.35 by $0.12. The company had revenue of $364.94 million for the quarter, compared to the consensus estimate of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.Nutanix’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. As a group, equities research analysts anticipate that Nutanix will post 0.71 earnings per share for the current 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.