Dorsal Capital Management LP Has $100.43 Million Stake in Nutanix $NTNX

Dorsal Capital Management LP grew its holdings in Nutanix (NASDAQ:NTNX) by 50.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350,000 shares of the technology company’s stock after acquiring an additional 450,000 shares during the quarter. Nutanix accounts for about 2.7% of Dorsal Capital Management LP’s investment portfolio, making the stock its 17th largest holding. Dorsal Capital Management LP owned about 0.50% of Nutanix worth $100,426,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NTNX. Vanguard Group Inc. raised its holdings in Nutanix by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 26,682,475 shares of the technology company’s stock worth $1,984,909,000 after buying an additional 1,167,193 shares during the period. AQR Capital Management LLC increased its position in shares of Nutanix by 40.6% during the third quarter. AQR Capital Management LLC now owns 6,626,271 shares of the technology company’s stock worth $492,928,000 after acquiring an additional 1,914,005 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Nutanix by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,549,909 shares of the technology company’s stock worth $346,720,000 after acquiring an additional 25,918 shares during the period. Federated Hermes Inc. lifted its position in Nutanix by 10.7% in the 3rd quarter. Federated Hermes Inc. now owns 3,559,876 shares of the technology company’s stock valued at $264,819,000 after acquiring an additional 344,076 shares in the last quarter. Finally, Norges Bank bought a new stake in Nutanix in the 2nd quarter valued at $263,938,000. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NTNX opened at $39.29 on Friday. The company has a market cap of $10.62 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 4.20 and a beta of 0.49. The firm has a 50-day moving average of $42.64 and a 200-day moving average of $56.62. Nutanix has a one year low of $35.39 and a one year high of $83.36.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.12. Nutanix had a net margin of 9.95% and a negative return on equity of 37.41%. The business had revenue of $722.83 million during the quarter, compared to the consensus estimate of $709.83 million. During the same period last year, the business posted $0.47 EPS. Nutanix’s revenue was up 10.4% on a year-over-year basis. Analysts expect that Nutanix will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

NTNX has been the subject of a number of research reports. Morgan Stanley lowered their target price on Nutanix from $62.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 24th. Zacks Research cut Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. KeyCorp dropped their target price on Nutanix from $95.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Northland Securities cut their target price on Nutanix from $76.00 to $53.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutanix in a research report on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.43.

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.