Point72 DIFC Ltd Buys Shares of 27,263 Nutanix, Inc. (NASDAQ:NTNX)

Point72 DIFC Ltd bought a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,263 shares of the technology company's stock, valued at approximately $1,615,000.

Several other institutional investors and hedge funds have also made changes to their positions in NTNX. Cetera Investment Advisers boosted its stake in shares of Nutanix by 48.7% in the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company's stock valued at $4,697,000 after purchasing an additional 24,918 shares during the period. GAMMA Investing LLC boosted its stake 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. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Nutanix in the second quarter valued at $25,000. CWM LLC boosted its stake in shares of Nutanix by 39.8% in the second quarter. CWM LLC now owns 11,664 shares of the technology company's stock valued at $663,000 after purchasing an additional 3,323 shares during the period. Finally, Symmetry Partners LLC boosted its stake in shares of Nutanix by 19.5% in the second quarter. Symmetry Partners LLC now owns 7,831 shares of the technology company's stock valued at $445,000 after purchasing an additional 1,279 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of Nutanix from $72.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price objective on shares of Nutanix from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Barclays increased their price objective on shares of Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Needham & Company LLC increased their price objective on shares of Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Oppenheimer began coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an "outperform" rating and a $80.00 price objective on the stock. 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.86.

Nutanix Stock Performance

Shares of Nutanix stock traded down $0.16 during trading hours on Thursday, reaching $68.25. The company's stock had a trading volume of 1,642,055 shares, compared to its average volume of 2,583,320. The company's 50 day simple moving average is $65.38 and its 200 day simple moving average is $59.40. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The stock has a market cap of $18.10 billion, a P/E ratio of -195.00, a price-to-earnings-growth ratio of 10.52 and a beta of 1.13.

Insider Transactions at Nutanix

In related 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 sale, the chief operating officer now owns 123,868 shares of the company's stock, valued at $7,411,022.44. This trade represents a 8.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $11,309,145.65. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company's stock.

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.