Versor Investments LP Grows Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Versor Investments LP raised its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 211.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,352 shares of the technology company's stock after acquiring an additional 22,652 shares during the quarter. Versor Investments LP's holdings in Nutanix were worth $1,976,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Nutanix in the second quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in Nutanix in the third quarter valued at about $27,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Nutanix during the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC boosted its stake in shares of Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company's stock worth $53,000 after acquiring an additional 243 shares in the last quarter. Finally, Signaturefd LLC grew 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 worth $57,000 after acquiring an additional 350 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTNX has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Piper Sandler lifted their price target on Nutanix from $76.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. Raymond James increased their price objective on shares of Nutanix from $76.00 to $85.00 and gave the company an "outperform" 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 report on Thursday, August 29th. Finally, Royal Bank of Canada lifted their price objective on Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and an average target price of $73.38.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company's stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction on Monday, September 16th. The shares were 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the sale, the chief financial officer now owns 192,169 shares of the company's stock, valued at approximately $11,309,145.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Nutanix Price Performance

NASDAQ:NTNX traded up $1.56 during mid-day trading on Monday, reaching $71.86. The company's stock had a trading volume of 1,454,206 shares, compared to its average volume of 2,499,273. Nutanix, Inc. has a twelve month low of $38.43 and a twelve month high of $73.69. The company's fifty day simple moving average is $61.98 and its two-hundred day simple moving average is $58.72. The stock has a market cap of $19.06 billion, a P/E ratio of -138.19, a P/E/G ratio of 14.25 and a beta of 1.17.

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

Nutanix Company 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.