Nutanix $NTNX Holdings Boosted by WINTON GROUP Ltd

WINTON GROUP Ltd grew its holdings in Nutanix (NASDAQ:NTNX) by 381.3% in the second quarter, Holdings Channel.com reports. The firm owned 135,180 shares of the technology company’s stock after purchasing an additional 107,096 shares during the period. WINTON GROUP Ltd’s holdings in Nutanix were worth $6,889,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. California State Teachers Retirement System grew its holdings in shares of Nutanix by 4,834.4% during the second quarter. California State Teachers Retirement System now owns 14,870,638 shares of the technology company’s stock valued at $757,808,000 after buying an additional 14,569,274 shares in the last quarter. AQR Capital Management LLC lifted its stake in Nutanix by 72.8% in the 4th quarter. AQR Capital Management LLC now owns 11,452,714 shares of the technology company’s stock worth $591,991,000 after acquiring an additional 4,826,443 shares in the last quarter. Norges Bank purchased a new stake in Nutanix in the 4th quarter worth about $187,169,000. Assenagon Asset Management S.A. boosted its position in Nutanix by 1,535.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,262,231 shares of the technology company’s stock worth $166,243,000 after acquiring an additional 3,062,730 shares during the period. Finally, FIL Ltd boosted its position in Nutanix by 180.1% during the 4th quarter. FIL Ltd now owns 4,333,937 shares of the technology company’s stock worth $224,021,000 after acquiring an additional 2,786,929 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $66.94 on Thursday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.80 and a quick ratio of 1.78. Nutanix has a one year low of $34.01 and a one year high of $82.42. The business’s 50-day moving average price is $61.13 and its two-hundred day moving average price is $49.74. The company has a market capitalization of $18.10 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 3.83 and a beta of 0.62.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $757.08 million during the quarter, compared to the consensus estimate of $738.27 million. Nutanix had a negative return on equity of 90.13% and a net margin of 52.81%.The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $0.37 EPS. Analysts anticipate that Nutanix will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. KeyCorp lifted their target price on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. Bank of America reissued a “buy” rating on shares of Nutanix in a research report on Thursday, August 27th. Rosenblatt Securities raised their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 price objective (up from $60.00) on shares of Nutanix in a research report on Thursday, August 27th. Finally, Oppenheimer upped their price objective on shares of Nutanix from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $72.71.

Nutanix Profile

Nutanix, Inc is a cloud computing software company that provides infrastructure and management solutions for enterprise data centers, private clouds, public clouds and hybrid multicloud environments. Its platform is designed to simplify the deployment, operation and management of applications and workloads across on-premises infrastructure and multiple cloud providers.

The company’s offerings include the Nutanix Cloud Infrastructure platform, which combines compute, storage and virtualization capabilities; the Nutanix Cloud Manager suite for monitoring, automation, governance and cost management; and Nutanix Unified Storage.