Krilogy Financial LLC Grows Position in Nutanix $NTNX

Krilogy Financial LLC boosted its position in Nutanix (NASDAQ:NTNX) by 125.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,347 shares of the technology company’s stock after acquiring an additional 11,865 shares during the quarter. Krilogy Financial LLC’s holdings in Nutanix were worth $844,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. CW Advisors LLC acquired a new stake in shares of Nutanix during the 2nd quarter worth about $273,000. Cerity Partners LLC boosted its holdings in Nutanix by 15.2% in the second quarter. Cerity Partners LLC now owns 83,073 shares of the technology company’s stock valued at $6,350,000 after purchasing an additional 10,967 shares in the last quarter. Bank of Nova Scotia increased its stake in Nutanix by 296.5% in the second quarter. Bank of Nova Scotia now owns 41,616 shares of the technology company’s stock valued at $3,181,000 after purchasing an additional 31,119 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Nutanix by 94.7% in the second quarter. Daiwa Securities Group Inc. now owns 48,263 shares of the technology company’s stock valued at $3,690,000 after purchasing an additional 23,479 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Nutanix by 164.4% during the second quarter. NewEdge Advisors LLC now owns 8,622 shares of the technology company’s stock worth $659,000 after purchasing an additional 5,361 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $49.72 on Friday. Nutanix has a 1-year low of $34.01 and a 1-year high of $82.42. The stock has a market cap of $13.44 billion, a P/E ratio of 52.34, a P/E/G ratio of 4.14 and a beta of 0.62. The firm has a fifty day moving average price of $46.52 and a 200 day moving average price of $44.49.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the business posted $0.22 earnings per share. Nutanix’s quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that Nutanix will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Nutanix from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. KeyCorp reiterated an “overweight” rating on shares of Nutanix in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on shares of Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Bank of America raised their price objective on Nutanix from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company lifted their target price on Nutanix from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Nutanix Company 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.