King Luther Capital Management Corp Sells 128,177 Shares of Nutanix $NTNX

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

Several other institutional investors and hedge funds have also modified their holdings of NTNX. CW Advisors LLC acquired a new position in shares of Nutanix in the 2nd quarter worth approximately $273,000. Cerity Partners LLC boosted its holdings in shares of Nutanix by 15.2% in the 2nd quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock worth $6,350,000 after acquiring an additional 10,967 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Nutanix by 296.5% in the 2nd quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock worth $3,181,000 after acquiring an additional 31,119 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Nutanix by 94.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock worth $3,690,000 after acquiring an additional 23,479 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Nutanix by 164.4% in the 2nd quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock worth $659,000 after acquiring an additional 5,361 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Performance

NASDAQ:NTNX opened at $46.55 on Wednesday. The stock’s fifty day moving average price is $41.53 and its two-hundred day moving average price is $45.75. Nutanix has a 52-week low of $34.01 and a 52-week high of $82.42. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 50.60, a P/E/G ratio of 5.26 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $722.83 million for the quarter, compared to the consensus estimate of $709.83 million. During the same quarter in the prior year, the business earned $0.47 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts predict that Nutanix will post 0.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on NTNX. Barclays reduced their target price on Nutanix from $53.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a $55.00 target price on shares of Nutanix in a report on Wednesday, April 8th. Wall Street Zen downgraded Nutanix from a “buy” rating to a “hold” rating in a report on Tuesday, March 10th. Piper Sandler reduced their target price on Nutanix from $72.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Finally, Wells Fargo & Company reduced their target price on Nutanix from $57.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.87.

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.