Xponance Inc. Grows Position in Nutanix, Inc. (NASDAQ:NTNX)

Xponance Inc. raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 112.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,604 shares of the technology company’s stock after purchasing an additional 17,252 shares during the quarter. Xponance Inc.’s holdings in Nutanix were worth $1,995,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Bain Capital Investors LLC purchased a new position in shares of Nutanix in the 3rd quarter worth about $998,601,000. Champlain Investment Partners LLC raised its holdings in shares of Nutanix by 3.7% during 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 during the period. Geode Capital Management LLC raised its holdings in shares of Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after buying an additional 22,091 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after acquiring an additional 374,328 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NTNX stock opened at $73.04 on Friday. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The company’s 50-day simple moving average is $69.52 and its 200-day simple moving average is $65.93. The stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of -208.69, a PEG ratio of 11.80 and a beta of 1.04.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,609,206 shares of company stock valued at $417,458,120. Insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NTNX shares. Wells Fargo & Company lifted their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the stock an “overweight” rating in a report on Thursday, February 27th. Oppenheimer upped their price objective on shares of Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley upped their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, UBS Group upped their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $87.79.

Nutanix Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.