Banque Cantonale Vaudoise cut its stake in shares of Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 37.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,891 shares of the technology company’s stock after selling 7,743 shares during the period. Banque Cantonale Vaudoise’s holdings in Nutanix were worth $335,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in Nutanix by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 706,101 shares of the technology company’s stock worth $18,938,000 after acquiring an additional 13,696 shares in the last quarter. Bank of Montreal Can lifted its holdings in Nutanix by 57.0% during the first quarter. Bank of Montreal Can now owns 108,342 shares of the technology company’s stock worth $2,939,000 after acquiring an additional 39,341 shares in the last quarter. MetLife Investment Management LLC bought a new position in Nutanix during the first quarter worth about $371,000. BlackRock Inc. lifted its holdings in Nutanix by 1.2% during the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock worth $260,245,000 after acquiring an additional 117,982 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in Nutanix by 12.4% during the first quarter. Blair William & Co. IL now owns 296,205 shares of the technology company’s stock worth $7,944,000 after acquiring an additional 32,566 shares in the last quarter. 77.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
NTNX has been the topic of several recent analyst reports. Northland Securities lifted their target price on Nutanix from $34.00 to $39.00 in a report on Thursday, May 25th. Barclays boosted their price target on Nutanix from $34.00 to $38.00 in a report on Thursday, May 25th. Bank of America boosted their price target on Nutanix from $31.00 to $34.00 in a report on Thursday, May 25th. Wells Fargo & Company boosted their price target on Nutanix from $32.00 to $35.00 in a report on Friday, May 26th. Finally, OTR Global lowered Nutanix to a “positive” rating in a report on Thursday, May 18th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus price target of $33.75.
Nutanix Stock Down 1.1 %
Nutanix (NASDAQ:NTNX – Free Report) last announced its quarterly earnings results on Wednesday, May 24th. The technology company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. The business had revenue of $448.58 million for the quarter, compared to analyst estimates of $432.76 million. As a group, research analysts anticipate that Nutanix, Inc. will post -0.7 EPS for the current fiscal year.
Nutanix Profile
Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.
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