Parsifal Capital Management LP Purchases 235,966 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Parsifal Capital Management LP lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 28.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,075,776 shares of the technology company's stock after acquiring an additional 235,966 shares during the period. Nutanix makes up approximately 4.4% of Parsifal Capital Management LP's investment portfolio, making the stock its 12th largest position. Parsifal Capital Management LP owned about 0.41% of Nutanix worth $63,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bain Capital Investors LLC bought a new stake in Nutanix during the third quarter worth about $998,601,000. Champlain Investment Partners LLC lifted its position in Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock worth $354,867,000 after purchasing an additional 215,363 shares during the period. Renaissance Technologies LLC lifted its position in Nutanix by 7.4% during the second quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company's stock worth $212,548,000 after purchasing an additional 256,156 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Nutanix by 15.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock worth $166,886,000 after purchasing an additional 374,328 shares during the period. Finally, Marshall Wace LLP lifted its position in Nutanix by 47.5% during the second 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 during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

Shares of NTNX stock traded up $2.40 during trading hours on Wednesday, hitting $68.41. 2,876,107 shares of the company were exchanged, compared to its average volume of 2,587,333. The firm has a market cap of $18.14 billion, a P/E ratio of -188.60, a P/E/G ratio of 10.40 and a beta of 1.13. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The company has a 50 day simple moving average of $65.09 and a two-hundred day simple moving average of $59.28.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Bank of America upped their price objective on shares of Nutanix from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Morgan Stanley increased their target price on shares of Nutanix from $72.00 to $78.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Oppenheimer assumed coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 target price for the company. Finally, Royal Bank of Canada increased their target price on shares of Nutanix from $70.00 to $75.00 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $78.86.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction 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 directly owns 192,169 shares of the company's stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction 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. This represents a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

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.