Generation Investment Management Adds $201M in Nutanix, Inc. ($NTNX)
Key Points
- Generation Investment Management changed its Nutanix, Inc. ($NTNX) stake by 118.8% last quarter, boosting to 7,503,821 shares worth $370.01 million.
- Wall Street's consensus rating on $NTNX is Buy and an average price target of $57.01.
- $NTNX last traded around $49.31.
Generation Investment Management increased its position in Nutanix, Inc. ($NTNX) by 118.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,503,821 shares of Nutanix, Inc. after buying 4,073,899 shares during the quarter. Generation Investment Management's holdings in Nutanix, Inc. were worth $370.01 million as of its most recent filing.
Nutanix, Inc. ($NTNX) Stock
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About Nutanix, Inc.
Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. It offers hyperconverged infrastructure software; Nutanix Cloud Platform, which is designed to enable organizations to build hybrid multicloud infrastructure; Nutanix cloud infrastructure, is a distributed HCI for enterprise IT applications, includes Nutanix AOS; Nutanix AHV; Nutanix data services for Kubernetes; flow network security; flow virtual networking provides software-defined networking with multi-tenant isolation; Nutanix Cloud Clusters; Nutanix central provides management of the Nutanix hybrid multicloud environment; and Nutanix prism, is the unified control plane and UI; Nutanix Cloud Manager, is a unified management solution; NCM Intelligent Operations; NCM Self-Service and Orchestration; NCM Cost Governance; and Nutanix Security Central unifies cloud security operations. In addition, the company offers Nutanix Kubernetes Platform, which is an enterprise-grade Kubernetes platform to accelerate app development without lock-in; Nutanix Unified Storage; Nutanix Files Storage, is a software-defined scale-out file storage solution; Nutanix Objects Storage, is a scale-out S3-compatible object storage solution; Nutanix Objects Storage; Nutanix Volumes Block Storage, is a software-defined storage solution; Nutanix Data Lens, is a cloud-based cyber resilience service; Nutanix Database Service; Nutanix Enterprise AI, is a centralized inferencing control plane; and GPT-in-a-Box is a full-stack help provide consistent data services for structured and unstructured data. Further, it provides product support, and consulting and implementation services. The company serves financial services, retail, manufacturing, public sector, automotive and other transportation, consumer goods, education, energy, healthcare, media, technology, and telecommunications industries. The company has a strategic alliance with NetApp, Inc. to integrate NetApp Intelligent Data Infrastructure built on NetApp enterprise storage systems with the Nutanix Cloud Platform (NCP) solution. The company was incorporated in 2009 and is headquartered in San Jose, California.
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