Lecap Asset Management Ltd. Has $3.18 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Lecap Asset Management Ltd. lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 374.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,605 shares of the technology company's stock after purchasing an additional 42,315 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Nutanix were worth $3,176,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Nutanix during the second quarter worth $25,000. ORG Wealth Partners LLC bought a new position in shares of Nutanix in the third quarter valued at about $27,000. Itau Unibanco Holding S.A. bought a new position in shares of Nutanix in the second quarter valued at about $32,000. GAMMA Investing LLC raised 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 purchasing an additional 243 shares during the period. Finally, Signaturefd LLC raised its position in shares of Nutanix by 57.8% in the third quarter. Signaturefd LLC now owns 956 shares of the technology company's stock valued at $57,000 after purchasing an additional 350 shares during the period. Institutional investors own 85.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective 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. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. Barclays upped their price target on shares of Nutanix from $71.00 to $75.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. Morgan Stanley upped their price target on shares of Nutanix from $62.00 to $71.00 and gave the company an "equal weight" rating in a research note on Thursday, August 29th. Finally, Piper Sandler upped their price target on shares of Nutanix from $76.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $73.31.

Insider Transactions at Nutanix

In other news, COO David Sangster sold 11,950 shares of the 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 completion of the transaction, the chief operating officer now owns 123,868 shares of the company's stock, valued at approximately $7,411,022.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO David Sangster sold 11,950 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 192,169 shares of the company's stock, valued at approximately $11,309,145.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.46% of the company's stock.

Nutanix Trading Down 1.4 %

Nutanix stock traded down $0.89 during trading hours on Wednesday, reaching $60.51. 1,708,164 shares of the stock were exchanged, compared to its average volume of 2,549,131. The company has a market cap of $14.92 billion, a P/E ratio of -867.86, a price-to-earnings-growth ratio of 12.80 and a beta of 1.18. Nutanix, Inc. has a twelve month low of $34.40 and a twelve month high of $73.69. The stock has a 50 day moving average of $59.33 and a two-hundred day moving average of $58.52.

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

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.