Fintel reports that on September 27, 2023, Keybanc maintained coverage of Nutanix Inc - (NASDAQ:NTNX) with a Overweight recommendation.
Analyst Price Forecast Suggests 0.10% Downside
As of August 31, 2023, the average one-year price target for Nutanix Inc - is 35.69. The forecasts range from a low of 31.11 to a high of $40.95. The average price target represents a decrease of 0.10% from its latest reported closing price of 35.72.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Nutanix Inc - is 1,818MM, a decrease of 2.41%. The projected annual non-GAAP EPS is 0.21.
What is the Fund Sentiment?
There are 627 funds or institutions reporting positions in Nutanix Inc -. This is an increase of 23 owner(s) or 3.81% in the last quarter. Average portfolio weight of all funds dedicated to NTNX is 0.24%, a decrease of 10.35%. Total shares owned by institutions increased in the last three months by 1.80% to 200,943K shares. 
The put/call ratio of NTNX is 0.54, indicating a bullish outlook.
What are Other Shareholders Doing?
Generation Investment Management Llp holds 16,669K shares representing 6.96% ownership of the company. In it's prior filing, the firm reported owning 20,196K shares, representing a decrease of 21.16%. The firm decreased its portfolio allocation in NTNX by 18.98% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 11,920K shares representing 4.97% ownership of the company. In it's prior filing, the firm reported owning 11,766K shares, representing an increase of 1.29%. The firm decreased its portfolio allocation in NTNX by 5.54% over the last quarter.
Champlain Investment Partners holds 8,656K shares representing 3.61% ownership of the company. In it's prior filing, the firm reported owning 7,560K shares, representing an increase of 12.66%. The firm increased its portfolio allocation in NTNX by 20.85% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,402K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 7,119K shares, representing an increase of 3.82%. The firm increased its portfolio allocation in NTNX by 3.53% over the last quarter.
First Trust Advisors holds 6,580K shares representing 2.75% ownership of the company. In it's prior filing, the firm reported owning 6,267K shares, representing an increase of 4.76%. The firm increased its portfolio allocation in NTNX by 11.75% over the last quarter.
Nutanix Background Information
(This description is provided by the company.)
Nutanix is a global leader in cloud software and a pioneer in hyperconverged infrastructure solutions, making computing invisible anywhere. Organizations around the world use Nutanix software to leverage a single platform to manage any app at any location at any scale for their private, hybrid and multi-cloud environments.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
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