Holocene Advisors LP Trims Position in Nutanix, Inc. (NASDAQ:NTNX)

Holocene Advisors LP decreased its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 86.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,820 shares of the technology company's stock after selling 795,406 shares during the period. Holocene Advisors LP's holdings in Nutanix were worth $7,099,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NTNX. Cetera Investment Advisers increased its position in shares of Nutanix by 48.7% in the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company's stock valued at $4,697,000 after acquiring an additional 24,918 shares during the period. Diversified Trust Co lifted its stake in Nutanix by 46.7% in the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company's stock valued at $2,084,000 after buying an additional 11,668 shares in the last quarter. Versor Investments LP lifted its stake in Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company's stock valued at $1,976,000 after buying an additional 22,652 shares in the last quarter. Marshall Wace LLP lifted its stake in Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock worth $84,308,000 after purchasing an additional 477,838 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC purchased a new position in Nutanix in the 2nd quarter worth approximately $2,274,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares of the company's stock, valued at $11,309,145.65. This represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO David Sangster sold 11,950 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the sale, the chief operating officer now directly owns 123,868 shares of the company's stock, valued at $7,411,022.44. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company's stock.

Analyst Ratings Changes

NTNX has been the subject of several recent research reports. Morgan Stanley raised their price target on shares of Nutanix from $72.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Barclays lifted their price objective on shares of Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Needham & Company LLC lifted their price objective on shares of Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, August 29th. Finally, Royal Bank of Canada boosted their price target on shares of Nutanix from $70.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.86.

Nutanix Trading Up 3.6 %

Shares of NASDAQ:NTNX traded up $2.40 during mid-day trading on Wednesday, reaching $68.41. The stock had a trading volume of 2,876,321 shares, compared to its average volume of 2,587,337. The firm has a market cap of $18.14 billion, a PE ratio of -195.46, a price-to-earnings-growth ratio of 10.40 and a beta of 1.13. The firm has a 50 day simple moving average of $65.24 and a two-hundred day simple moving average of $59.34. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80.

Nutanix Profile

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.