Belpointe Asset Management LLC Makes New $49,000 Investment in Nutanix, Inc. (NASDAQ:NTNX)

Belpointe Asset Management LLC purchased a new position in Nutanix, Inc. (NASDAQ:NTNX – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,879 shares of the technology company’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NTNX. Point72 Hong Kong Ltd purchased a new stake in shares of Nutanix in the first quarter worth approximately $35,000. Loomis Sayles & Co. L P raised its stake in shares of Nutanix by 50.5% in the first quarter. Loomis Sayles & Co. L P now owns 2,797 shares of the technology company’s stock worth $75,000 after purchasing an additional 938 shares during the last quarter. US Bancorp DE raised its stake in shares of Nutanix by 48.7% in the third quarter. US Bancorp DE now owns 4,040 shares of the technology company’s stock worth $84,000 after purchasing an additional 1,324 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Nutanix by 10.3% in the third quarter. Essex Investment Management Co. LLC now owns 4,592 shares of the technology company’s stock worth $96,000 after purchasing an additional 430 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Nutanix in the fourth quarter worth approximately $134,000. Institutional investors own 76.95% of the company’s stock.

Nutanix Price Performance

NASDAQ:NTNX opened at $25.55 on Wednesday. The business has a fifty day simple moving average of $25.01 and a two-hundred day simple moving average of $27.00. Nutanix, Inc. has a 1 year low of $13.44 and a 1 year high of $33.73. The company has a market capitalization of $5.88 billion, a P/E ratio of -12.00 and a beta of 1.36.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NTNX. Susquehanna reissued a “positive” rating and issued a $34.00 price objective on shares of Nutanix in a research note on Thursday, March 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $33.00 price target on shares of Nutanix in a research report on Tuesday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of Nutanix in a research report on Tuesday, March 7th. OTR Global downgraded Nutanix to a “positive” rating in a research report on Thursday, May 18th. Finally, StockNews.com began coverage on Nutanix in a research report on Thursday, May 18th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.92.

Nutanix Company Profile

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Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.