9,966 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,966 shares of the technology company's stock, valued at approximately $590,000.

Several other hedge funds also recently added to or reduced their stakes in NTNX. GAMMA Investing LLC increased its position in shares of Nutanix by 35.2% in the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company's stock valued at $53,000 after buying an additional 243 shares in the last quarter. Paragon Capital Management Inc. raised its stake in shares of Nutanix by 1.0% in the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company's stock valued at $1,545,000 after purchasing an additional 258 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company's stock valued at $57,000 after buying an additional 350 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Nutanix by 9.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company's stock worth $256,000 after acquiring an additional 370 shares during the period. Finally, 180 Wealth Advisors LLC raised its position in shares of Nutanix by 3.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 10,854 shares of the technology company's stock worth $615,000 after buying an additional 374 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded down $0.47 during midday trading on Thursday, reaching $71.24. 962,053 shares of the company's stock traded hands, compared to its average volume of 2,484,833. Nutanix, Inc. has a one year low of $38.60 and a one year high of $73.69. The stock has a 50 day moving average of $62.54 and a 200 day moving average of $58.96. The company has a market cap of $18.89 billion, a price-to-earnings ratio of -137.90, a P/E/G ratio of 14.64 and a beta of 1.17.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. The business had revenue of $547.95 million for the quarter, compared to analysts' expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. Sell-side analysts predict that Nutanix, Inc. will post 0.27 EPS for the current fiscal year.

Insider Activity at Nutanix

In other news, COO David Sangster sold 11,950 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the sale, the chief financial officer now directly owns 192,169 shares of the company's stock, valued at $11,309,145.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Morgan Stanley raised Nutanix from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $71.00 to $72.00 in a report on Monday, October 28th. Northland Securities lifted their target price on shares of Nutanix from $71.00 to $74.00 and gave the stock a "market perform" rating in a report on Friday, August 30th. Raymond James boosted their target price on Nutanix from $76.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Finally, Piper Sandler upped their price target on Nutanix from $76.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and a consensus target price of $73.86.

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.