Krilogy Financial LLC Grows Stock Position in Nutanix $NTNX

Krilogy Financial LLC increased its stake in shares of Nutanix (NASDAQ:NTNX) by 125.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,347 shares of the technology company’s stock after purchasing an additional 11,865 shares during the period. Krilogy Financial LLC’s holdings in Nutanix were worth $844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTNX. Utah Retirement Systems increased its stake in Nutanix by 0.6% in the 4th quarter. Utah Retirement Systems now owns 42,355 shares of the technology company’s stock valued at $2,189,000 after buying an additional 257 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Nutanix by 0.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 93,016 shares of the technology company’s stock valued at $4,868,000 after acquiring an additional 260 shares in the last quarter. Summit Securities Group LLC boosted its holdings in shares of Nutanix by 26.4% in the fourth quarter. Summit Securities Group LLC now owns 1,356 shares of the technology company’s stock valued at $70,000 after acquiring an additional 283 shares in the last quarter. Covestor Ltd increased its stake in shares of Nutanix by 73.1% during the fourth quarter. Covestor Ltd now owns 767 shares of the technology company’s stock worth $40,000 after acquiring an additional 324 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Nutanix by 26.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,556 shares of the technology company’s stock worth $80,000 after acquiring an additional 330 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTNX has been the subject of a number of recent analyst reports. William Blair restated a “market perform” rating on shares of Nutanix in a research report on Monday, March 23rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Nutanix in a report on Friday, May 29th. Bank of America boosted their target price on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Northland Securities set a $47.00 target price on Nutanix in a research note on Thursday, May 28th. Finally, Morgan Stanley raised their price target on Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Stock Up 5.9%

Shares of NASDAQ NTNX opened at $49.72 on Friday. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 52.34, a price-to-earnings-growth ratio of 4.14 and a beta of 0.62. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The firm has a 50-day moving average price of $46.52 and a 200 day moving average price of $44.49.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.12. Nutanix had a net margin of 10.03% and a negative return on equity of 38.96%. The company had revenue of $364.94 million for the quarter, compared to analyst estimates of $686.34 million. During the same period in the prior year, the business posted $0.22 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts expect that Nutanix will post 0.71 EPS for the current fiscal 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.