Bryce Point Capital LLC Acquires Shares of 8,837 Nutanix, Inc. (NASDAQ:NTNX)

Bryce Point Capital LLC purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,837 shares of the technology company's stock, valued at approximately $541,000.

Several other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock valued at $88,271,000 after purchasing an additional 33,980 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Nutanix by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock valued at $453,000 after acquiring an additional 375 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Nutanix by 32.8% in the third 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 last quarter. Pacer Advisors Inc. raised its holdings in shares of Nutanix by 1,555.9% during the fourth quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company's stock worth $4,540,000 after acquiring an additional 69,722 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Nutanix during the fourth quarter worth $299,000. 85.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. StockNews.com downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. Needham & Company LLC raised their price objective on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Oppenheimer boosted their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company increased their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $86.93.

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Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now owns 3,050 shares of the company's stock, valued at $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,886 shares of company stock worth $417,646,356 over the last 90 days. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded up $7.60 during trading on Wednesday, hitting $65.77. 3,784,247 shares of the stock were exchanged, compared to its average volume of 2,506,626. The company has a market capitalization of $17.54 billion, a price-to-earnings ratio of -187.91, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The company's fifty day simple moving average is $69.94 and its 200-day simple moving average is $66.65.

About Nutanix

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.