Melqart Asset Management UK Ltd Sells 200,939 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Melqart Asset Management UK Ltd lowered its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 50.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,683 shares of the technology company's stock after selling 200,939 shares during the quarter. Nutanix accounts for about 1.1% of Melqart Asset Management UK Ltd's holdings, making the stock its 29th largest position. Melqart Asset Management UK Ltd owned approximately 0.07% of Nutanix worth $11,713,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NTNX. Bain Capital Investors LLC bought a new stake in Nutanix in the 3rd quarter valued at $998,601,000. Champlain Investment Partners LLC boosted its holdings in Nutanix by 3.7% in 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 purchasing an additional 215,363 shares during the period. Renaissance Technologies LLC boosted its holdings in Nutanix by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company's stock valued at $212,548,000 after purchasing an additional 256,156 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock valued at $166,886,000 after purchasing an additional 374,328 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after purchasing an additional 477,838 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix 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 transaction, the chief financial officer now owns 192,169 shares of the company's stock, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction that occurred 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 directly owns 123,868 shares in the company, valued at $7,411,022.44. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NTNX shares. Oppenheimer started coverage on shares of Nutanix in a report on Wednesday, November 13th. They set an "outperform" rating and a $80.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. StockNews.com raised shares of Nutanix from a "buy" rating to a "strong-buy" rating in a report on Thursday, November 28th. Morgan Stanley raised their price objective on shares of Nutanix from $72.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Finally, Raymond James raised their price objective on shares of Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $78.86.

Nutanix Price Performance

Shares of NASDAQ NTNX traded up $2.40 during mid-day trading on Wednesday, hitting $68.41. The company's stock had a trading volume of 2,876,107 shares, compared to its average volume of 2,587,333. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of -188.60, a price-to-earnings-growth ratio of 10.40 and a beta of 1.13. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The company's fifty day simple moving average is $65.09 and its 200-day simple moving average is $59.28.

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.