King Luther Capital Management Corp Has $43.45 Million Stock Holdings in Nutanix $NTNX

King Luther Capital Management Corp lessened its holdings in shares of Nutanix (NASDAQ:NTNX) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 840,642 shares of the technology company’s stock after selling 128,177 shares during the period. King Luther Capital Management Corp owned approximately 0.31% of Nutanix worth $43,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTNX. CW Advisors LLC bought a new position in Nutanix during the second quarter valued at about $273,000. Cerity Partners LLC increased its stake in Nutanix by 15.2% during the second quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock valued at $6,350,000 after acquiring an additional 10,967 shares during the period. Bank of Nova Scotia increased its stake in Nutanix by 296.5% during the second quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock valued at $3,181,000 after acquiring an additional 31,119 shares during the period. Daiwa Securities Group Inc. increased its stake in Nutanix by 94.7% during the second quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock valued at $3,690,000 after acquiring an additional 23,479 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Nutanix by 164.4% during the second quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock valued at $659,000 after acquiring an additional 5,361 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NTNX. Morgan Stanley lowered their price target on Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. Bank of America lowered their price target on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Piper Sandler lowered their price target on Nutanix from $72.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. UBS Group boosted their price target on Nutanix from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered Nutanix from a “buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.87.

Nutanix Trading Down 1.2%

NTNX stock opened at $46.55 on Wednesday. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The firm has a market cap of $12.35 billion, a P/E ratio of 50.60, a P/E/G ratio of 5.26 and a beta of 0.54. The business’s 50 day moving average is $41.53 and its 200-day moving average is $45.75.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.12. Nutanix had a negative return on equity of 37.41% and a net margin of 9.95%.The company had revenue of $722.83 million for the quarter, compared to analyst estimates of $709.83 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts forecast that Nutanix will post 0.56 EPS for the current year.

About Nutanix

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.