Krilogy Financial LLC Purchases Shares of 15,271 Nutanix $NTNX

Krilogy Financial LLC acquired a new stake in shares of Nutanix (NASDAQ:NTNX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,271 shares of the technology company’s stock, valued at approximately $1,065,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NTNX. Norges Bank bought a new stake in Nutanix in the 2nd quarter valued at about $263,938,000. Marshall Wace LLP grew its stake in Nutanix by 75.9% in the second quarter. Marshall Wace LLP now owns 3,279,107 shares of the technology company’s stock valued at $250,655,000 after acquiring an additional 1,415,117 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of Nutanix by 221.5% during the second quarter. Qube Research & Technologies Ltd now owns 1,614,293 shares of the technology company’s stock valued at $123,397,000 after acquiring an additional 1,112,177 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Nutanix by 30.8% during the second quarter. AQR Capital Management LLC now owns 4,712,266 shares of the technology company’s stock valued at $360,206,000 after acquiring an additional 1,108,261 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Nutanix by 32.7% during the second quarter. Federated Hermes Inc. now owns 3,215,800 shares of the technology company’s stock worth $245,816,000 after purchasing an additional 791,822 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

NTNX opened at $41.13 on Friday. The company’s 50-day moving average is $47.01 and its 200 day moving average is $61.30. Nutanix has a fifty-two week low of $35.39 and a fifty-two week high of $83.36. The firm has a market capitalization of $11.12 billion, a P/E ratio of 54.84, a PEG ratio of 4.42 and a beta of 0.48.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $670.58 million during the quarter, compared to the consensus estimate of $677.23 million. Nutanix had a net margin of 8.43% and a negative return on equity of 32.95%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. On average, equities research analysts expect that Nutanix will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barclays reissued an “equal weight” rating and issued a $53.00 price target (down previously from $64.00) on shares of Nutanix in a research report on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutanix in a report on Monday, December 29th. Needham & Company LLC lowered their target price on shares of Nutanix from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Northland Securities dropped their price target on shares of Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 26th. Finally, Zacks Research lowered Nutanix from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.13.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.