Qsemble Capital Management LP Buys Shares of 3,407 Nutanix, Inc. (NASDAQ:NTNX)

Qsemble Capital Management LP bought a new stake in Nutanix, Inc. (NASDAQ:NTNX) in the 3rd quarter, HoldingsChannel reports. The firm bought 3,407 shares of the technology company’s stock, valued at approximately $202,000.

Several other large investors also recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC grew its holdings in Nutanix by 3.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after buying an additional 215,363 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Nutanix by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock valued at $212,548,000 after purchasing an additional 256,156 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after purchasing an additional 477,838 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Nutanix by 123.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after purchasing an additional 794,215 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of Nutanix by 10.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock valued at $80,287,000 after purchasing an additional 125,657 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NTNX. Barclays upped their price target on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada upped their price target on Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Raymond James increased their target price on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Northland Securities reissued a “market perform” rating and set a $77.00 target price (up previously from $74.00) on shares of Nutanix in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and an average target price of $78.86.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $66.70 on Friday. The stock’s 50-day moving average is $64.79 and its two-hundred day moving average is $59.45. Nutanix, Inc. has a 1-year low of $40.44 and a 1-year high of $75.80. The company has a market cap of $17.69 billion, a price-to-earnings ratio of -128.27, a price-to-earnings-growth ratio of 12.05 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The business had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. Equities research analysts anticipate that Nutanix, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, COO David Sangster sold 11,950 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.