Kornitzer Capital Management Inc. KS Has $463,000 Holdings in Nutanix $NTNX

Key Points

• Kornitzer Capital cut its Nutanix stake by 90.8%, selling 88,000 shares in Q4 and retaining 8,950 shares worth $463,000 at quarter-end.
• Nutanix beat Q4 estimates, reporting $0.56 EPS vs. $0.44 expected and revenue of $722.8M (vs. $709.8M), with revenue up 10.4% year‑over‑year.
• Analysts hold a mixed but generally positive view — MarketBeat shows a "Moderate Buy" consensus with an average price target of $60.87 amid several recent target revisions.

Kornitzer Capital Management Inc. KS lessened its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 90.8% in the fourth quarter, according to its most recent filing with the SEC. 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NTNX. CW Advisors LLC acquired a new stake in Nutanix during the 2nd quarter valued at approximately $273,000. Cerity Partners LLC increased its position 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 purchasing an additional 10,967 shares during the period. Bank of Nova Scotia increased its position 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 purchasing an additional 31,119 shares during the period. Daiwa Securities Group Inc. increased its position 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 purchasing an additional 23,479 shares during the period. Finally, NewEdge Advisors LLC increased its position 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 purchasing an additional 5,361 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Stock Performance

Nutanix stock opened at $42.60 on Monday. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 46.30, a PEG ratio of 4.76 and a beta of 0.54. Nutanix has a 52-week low of $34.01 and a 52-week high of $83.36. The stock's 50 day moving average price is $39.48 and its two-hundred day moving average price is $48.40.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $709.83 million. During the same period in the prior year, the business earned $0.47 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts forecast that Nutanix will post 0.56 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on NTNX shares. Needham & Company LLC decreased their target price on shares of Nutanix from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Barclays cut their price target on Nutanix from $53.00 to $47.00 and set an "equal weight" rating on the stock in a report on Thursday, February 26th. UBS Group increased their price target on Nutanix from $57.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Piper Sandler cut their price target on Nutanix from $72.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $44.00 price target on shares of Nutanix in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Nutanix currently 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.

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