Kornitzer Capital Management Inc. KS Sells 88,000 Shares of Nutanix $NTNX

Kornitzer Capital Management Inc. KS reduced its position in Nutanix (NASDAQ:NTNX) by 90.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,950 shares of the technology company’s stock after selling 88,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Nutanix were worth $463,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. CW Advisors LLC bought a new position in Nutanix during the 2nd quarter valued at $273,000. Cerity Partners LLC lifted its stake in Nutanix by 15.2% during the 2nd 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 in the last quarter. Bank of Nova Scotia lifted its stake in Nutanix by 296.5% during the 2nd 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 in the last quarter. Daiwa Securities Group Inc. lifted its stake in Nutanix by 94.7% during the 2nd 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 in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Nutanix by 164.4% during the 2nd 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 in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Performance

Shares of NTNX opened at $42.60 on Monday. The business has a 50-day moving average of $39.48 and a 200 day moving average of $48.40. Nutanix has a fifty-two week low of $34.01 and a fifty-two week high of $83.36. The firm has a market cap of $11.30 billion, a P/E ratio of 46.30, a price-to-earnings-growth ratio of 4.76 and a beta of 0.54.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.56 earnings per share 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 company had revenue of $722.83 million during the quarter, compared to analyst estimates of $709.83 million. During the same quarter last year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, research analysts predict that Nutanix will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NTNX. The Goldman Sachs Group dropped their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Morgan Stanley dropped their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a research note on Friday, March 27th. Bank of America dropped their price objective on Nutanix from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, UBS Group raised their price objective on Nutanix from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.87.

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.