Victory Capital Management Inc. has increased its stake in Nutanix, Inc. by 30.1% in the fourth quarter, acquiring an additional 7,720 shares of the technology company. The fund now owns 33,370 shares of Nutanix, valued at $1,591,000 according to reports from Holdings Channel. Other hedge funds and institutional investors have also made moves with GAMMA Investing LLC, Harvest Fund Management Co. Ltd, Fifth Third Bancorp, DekaBank Deutsche Girozentrale, and Quintet Private Bank Europe SA all purchasing stakes in Nutanix during the fourth and third quarters. These moves bring the total ownership by hedge funds and institutions to 85.25%.
Nutanix’s stock rose by 1.9% on Friday, opening at $70.29. The company has a fifty-day simple moving average of $63.52 and a two-hundred-day simple moving average of $54.56. Nutanix’s twelve-month low was $24.81 and its high was $70.69, with a market capitalization of $17.17 billion and a price-to-earnings ratio of -195.25. The beta for Nutanix is 1.27.
In terms of financial performance, Nutanix reported earnings per share of $0.17 for the last quarter, with revenue of $565.23 million, beating analysts’ expectations. The company is expected to post -0.02 EPS for the current year. Director Steven J. Gomo and CEO Rajiv Ramaswami have both recently sold substantial amounts of Nutanix stock, with Steven J. Gomo selling shares on March 1st and Rajiv Ramaswami on March 18th.
Nutanix has been the subject of several analyst reports, with JPMorgan Chase & Co., KeyCorp, Royal Bank of Canada, Piper Sandler, and Morgan Stanley all raising their target prices and giving positive ratings to the company. Overall, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.69.
Nutanix provides an enterprise cloud platform that offers a hyperconverged infrastructure software stack, virtualization solutions, network security services, Kubernetes management, and cloud clusters. For more information on Nutanix and its financial standing, interested parties can visit MarketBeat.com for the latest research reports and updates.
For those interested in staying informed about Nutanix, MarketBeat.com offers a daily newsletter with news and ratings related to the company and other related firms. Subscribers can receive a concise daily summary of the latest news and analyst ratings by entering their email address on MarketBeat.com. Additionally, HoldingsChannel.com provides insights into other hedge funds holding NTNX and offers information on 13F filings and insider trading activity.
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https://www.defenseworld.net/2024/05/19/victory-capital-management-inc-grows-holdings-in-nutanix-inc-nasdaqntnx.html
