Dorsal Capital Management LP Has $100.43 Million Position in Nutanix $NTNX

Dorsal Capital Management LP grew its stake in Nutanix (NASDAQ:NTNX) by 50.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,350,000 shares of the technology company’s stock after acquiring an additional 450,000 shares during the period. Nutanix accounts for approximately 2.7% of Dorsal Capital Management LP’s investment portfolio, making the stock its 17th biggest holding. Dorsal Capital Management LP’s holdings in Nutanix were worth $100,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SJS Investment Consulting Inc. grew its stake in Nutanix by 3,122.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 709 shares of the technology company’s stock valued at $53,000 after buying an additional 687 shares during the last quarter. Itau Unibanco Holding S.A. lifted its position in Nutanix by 33.0% during the second quarter. Itau Unibanco Holding S.A. now owns 749 shares of the technology company’s stock worth $57,000 after acquiring an additional 186 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Nutanix during the third quarter worth approximately $68,000. Wilmington Savings Fund Society FSB grew its position in shares of Nutanix by 135.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,059 shares of the technology company’s stock valued at $79,000 after purchasing an additional 609 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Nutanix by 31.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,223 shares of the technology company’s stock valued at $94,000 after purchasing an additional 291 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NTNX opened at $39.29 on Friday. The firm has a 50 day simple moving average of $42.64 and a two-hundred day simple moving average of $56.62. Nutanix has a one year low of $35.39 and a one year high of $83.36. The company has a market cap of $10.62 billion, a P/E ratio of 42.71, a P/E/G ratio of 4.20 and a beta of 0.49.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) 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 quarter last year, the company posted $0.47 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts expect that Nutanix will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NTNX shares. Northland Securities reduced their price target on Nutanix from $76.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, November 26th. Royal Bank Of Canada set a $55.00 price objective on Nutanix in a research report on Wednesday, February 11th. KeyCorp dropped their target price on Nutanix from $95.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. UBS Group boosted their target price on shares of Nutanix from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Morgan Stanley decreased their price target on shares of Nutanix from $62.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. Eleven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.43.

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.