Xponance Inc. Increases Stake in Nutanix, Inc. (NASDAQ:NTNX)

Xponance Inc. raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 6.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,690 shares of the technology company’s stock after purchasing an additional 835 shares during the period. Xponance Inc.’s holdings in Nutanix were worth $701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NTNX. BluePath Capital Management LLC purchased a new position in Nutanix in the 3rd quarter valued at $31,000. Fifth Third Bancorp purchased a new position in Nutanix in the 4th quarter valued at $62,000. DekaBank Deutsche Girozentrale purchased a new position in Nutanix in the 3rd quarter valued at $107,000. Quintet Private Bank Europe S.A. purchased a new position in Nutanix in the 3rd quarter valued at $143,000. Finally, CWM LLC lifted its holdings in Nutanix by 7.8% in the 3rd quarter. CWM LLC now owns 4,527 shares of the technology company’s stock valued at $158,000 after purchasing an additional 328 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 23,932 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $63.05, for a total transaction of $1,508,912.60. Following the completion of the sale, the chief executive officer now owns 373,024 shares in the company, valued at $23,519,163.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Rajiv Ramaswami sold 23,932 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $63.05, for a total transaction of $1,508,912.60. Following the completion of the sale, the chief executive officer now owns 373,024 shares in the company, valued at $23,519,163.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the completion of the sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NTNX has been the topic of several analyst reports. KeyCorp lifted their price target on Nutanix from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Needham & Company LLC lifted their price target on Nutanix from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th. Susquehanna lifted their price target on Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lifted their price target on Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.17.

Nutanix Price Performance

NASDAQ NTNX opened at $61.66 on Friday. The company has a market cap of $15.07 billion, a P/E ratio of -171.28 and a beta of 1.29. The stock has a 50-day moving average of $62.18 and a two-hundred day moving average of $51.45. Nutanix, Inc. has a 1-year low of $23.34 and a 1-year high of $66.99.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. On average, analysts anticipate that Nutanix, Inc. will post -0.04 EPS for the current fiscal 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.