The nakshatra is not the last cut. Each one is divided again into four padas, and most of what a jyotishi reads from a lunar position is read at that level rather than at the level of the nakshatra itself. Dhanishta runs from 293 degrees 20 minutes to 306 degrees 40 minutes of the sidereal circle, and its four padas are three degrees twenty minutes each: the first from 23 degrees 20 minutes of Capricorn, the second from 26 degrees 40 minutes of Capricorn, the third from 0 degrees 00 minutes of Aquarius and the fourth from 3 degrees 20 minutes of Aquarius. The Moon crosses a single pada in roughly six hours, so a birth an afternoon apart can fall in two of them.
The arithmetic hides a coincidence that is not one. Twenty seven nakshatras of four padas make one hundred and eight divisions of the zodiac, and the navamsha, the ninth-part chart that jyotisha treats as the most important of all the divisional charts, also cuts the circle into one hundred and eight. They are the same cut. A pada is a navamsha, and naming the pada names the navamsha sign without any further calculation. The four padas of Dhanishta fall in Leo, Virgo, Libra and Scorpio in that order.
Two cautions attach to those degrees. They are sidereal, measured from a fixed point among the stars rather than from the equinox, so they depend on the ayanamsha chosen to locate that point; the Lahiri, Raman and Krishnamurti values differ by up to about a degree, which is a fifth of a pada and enough to move a chart across a boundary. And the equal arcs are a scheme laid over the sky rather than a description of it: the star the nakshatra is named for sits somewhere inside its arc rather than filling it, and for several nakshatras that identification is itself disputed.