Sanctuary Advisors LLC Purchases Shares of 9,373 Nutanix, Inc. (NASDAQ:NTNX)

Sanctuary Advisors LLC bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,373 shares of the technology company's stock, valued at approximately $555,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bain Capital Investors LLC purchased a new position in Nutanix during the third quarter valued at $998,601,000. Champlain Investment Partners LLC increased its holdings in shares of Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock valued at $354,867,000 after acquiring an additional 215,363 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Nutanix by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock worth $245,968,000 after purchasing an additional 22,091 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Nutanix by 7.4% in the 2nd 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock valued at $166,886,000 after purchasing an additional 374,328 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Performance

Shares of NTNX stock traded down $0.78 during mid-day trading on Thursday, reaching $63.67. 962,743 shares of the company's stock traded hands, compared to its average volume of 2,607,813. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80. The firm has a 50 day moving average price of $66.46 and a two-hundred day moving average price of $59.53. The firm has a market capitalization of $17.06 billion, a PE ratio of -181.91, a price-to-earnings-growth ratio of 10.34 and a beta of 1.13.

Analyst Ratings Changes

NTNX has been the topic of several analyst reports. Morgan Stanley upped their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Barclays upped their price objective on Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their target price on Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Needham & Company LLC upped their price target on Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Northland Securities reiterated a "market perform" rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and a consensus target price of $79.47.

Insider Transactions at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares of the company's stock, valued at $12,718,467.66. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,771 shares of company stock valued at $5,387,045 over the last quarter. 6.80% of the stock is currently owned by company insiders.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.