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

Krilogy Financial LLC bought a new stake in shares of Nutanix (NASDAQ:NTNX) in the 3rd quarter, HoldingsChannel reports. The fund bought 15,271 shares of the technology company’s stock, valued at approximately $1,065,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTNX. Dynamic Technology Lab Private Ltd grew its position in shares of Nutanix by 67.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 29,017 shares of the technology company’s stock valued at $2,218,000 after acquiring an additional 11,670 shares during the period. Norges Bank purchased a new position in Nutanix in the second quarter valued at approximately $263,938,000. Swiss National Bank grew its holdings in Nutanix by 6.7% during the second quarter. Swiss National Bank now owns 766,300 shares of the technology company’s stock valued at $58,576,000 after purchasing an additional 48,400 shares during the period. Prudential Financial Inc. grew its holdings in Nutanix by 1,069.5% during the second quarter. Prudential Financial Inc. now owns 222,472 shares of the technology company’s stock valued at $15,560,000 after purchasing an additional 203,449 shares during the period. Finally, Schroder Investment Management Group increased its position in Nutanix by 19.1% in the second quarter. Schroder Investment Management Group now owns 1,190,376 shares of the technology company’s stock worth $90,992,000 after buying an additional 191,314 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Down 0.7%

Shares of NASDAQ NTNX opened at $41.13 on Friday. The company has a market cap of $11.12 billion, a P/E ratio of 54.84, a P/E/G ratio of 4.42 and a beta of 0.48. Nutanix has a 52 week low of $35.39 and a 52 week high of $83.36. The business has a 50-day simple moving average of $47.01 and a two-hundred day simple moving average of $61.30.

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

Analyst Ratings Changes

NTNX has been the topic of a number of recent research reports. Bank of America dropped their price target on Nutanix from $93.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Wall Street Zen downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Barclays reiterated an “equal weight” rating and set a $53.00 target price (down previously from $64.00) on shares of Nutanix in a research report on Thursday, January 15th. The Goldman Sachs Group lowered their price target on shares of Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Nutanix from $78.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.13.

Nutanix 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.