Point72 Hong Kong Ltd Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

Point72 Hong Kong Ltd purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,163 shares of the technology company's stock, valued at approximately $3,150,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NTNX. Bain Capital Investors LLC bought a new position in shares of Nutanix during the 3rd quarter valued at about $998,601,000. Champlain Investment Partners LLC lifted its position in shares of Nutanix by 3.7% in the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock worth $354,867,000 after buying an additional 215,363 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Nutanix by 7.4% during the second quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company's stock valued at $212,548,000 after buying an additional 256,156 shares during the last quarter. Marshall Wace LLP boosted its stake in Nutanix by 47.5% during the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock valued at $84,308,000 after buying an additional 477,838 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its holdings in Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company's stock valued at $81,593,000 after buying an additional 794,215 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 value 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. The trade was a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 123,868 shares of the company's stock, 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. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Oppenheimer assumed coverage on Nutanix in a research report on Wednesday, November 13th. They set an "outperform" rating and a $80.00 target price for the company. Piper Sandler increased their price objective on shares of Nutanix from $77.00 to $83.00 and gave the company an "overweight" rating in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Nutanix from $72.00 to $78.00 and gave the stock an "overweight" rating in a research note on Wednesday. Barclays upped their target price on shares of Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Bank of America lifted their price target on Nutanix from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Three equities research 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. Based on data from MarketBeat, Nutanix has a consensus rating of "Moderate Buy" and an average target price of $78.86.

Nutanix Trading Down 2.1 %

NTNX traded down $1.42 on Friday, reaching $65.28. 1,991,211 shares of the company traded hands, compared to its average volume of 3,128,569. Nutanix, Inc. has a one year low of $42.22 and a one year high of $75.80. The firm has a fifty day simple moving average of $64.88 and a two-hundred day simple moving average of $59.40.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly 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 analyst estimates of $537.12 million. Nutanix had a negative return on equity of 12.43% and a negative net margin of 3.54%. On average, research analysts expect that Nutanix, Inc. will post 0.31 EPS for the current 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.