Point72 Hong Kong Ltd Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Point72 Hong Kong Ltd acquired a new position in Nutanix, Inc. (NASDAQ:NTNX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 53,163 shares of the technology company’s stock, valued at approximately $3,150,000.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its holdings in Nutanix by 10,930.0% in the third quarter. True Wealth Design LLC now owns 1,103 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,093 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Nutanix by 75.4% in the 3rd quarter. Captrust Financial Advisors now owns 12,529 shares of the technology company’s stock valued at $742,000 after buying an additional 5,386 shares during the period. Vinva Investment Management Ltd purchased a new stake in shares of Nutanix in the third quarter worth about $156,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Nutanix by 3.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 886,338 shares of the technology company’s stock worth $52,516,000 after buying an additional 29,241 shares during the last quarter. Finally, Bain Capital Investors LLC acquired a new stake in Nutanix during the third quarter worth about $998,601,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling

In other news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Needham & Company LLC upped their price objective on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Raymond James increased their target price on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Three 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 a consensus price target of $78.86.

Nutanix Stock Performance

NASDAQ NTNX opened at $65.28 on Friday. The stock’s 50 day simple moving average is $64.88 and its 200-day simple moving average is $59.40. Nutanix, Inc. has a 1-year low of $42.22 and a 1-year high of $75.80.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative net margin of 3.54% and a negative return on equity of 12.43%. As a group, sell-side analysts forecast that Nutanix, Inc. will post 0.31 EPS for the current year.

About Nutanix

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.