Nutanix, Inc. (NASDAQ:NTNX) Stock Position Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 32.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,814,002 shares of the technology company's stock after purchasing an additional 695,567 shares during the quarter. Two Sigma Advisers LP owned about 1.06% of Nutanix worth $166,730,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of Nutanix by 48.7% during the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company's stock worth $4,697,000 after purchasing an additional 24,918 shares during the period. Diversified Trust Co grew its holdings in shares of Nutanix by 46.7% during the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company's stock worth $2,084,000 after purchasing an additional 11,668 shares during the period. Versor Investments LP grew its holdings in shares of Nutanix by 211.7% during the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company's stock worth $1,976,000 after purchasing an additional 22,652 shares during the period. Marshall Wace LLP grew its holdings in shares of Nutanix by 47.5% during the 2nd 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. Finally, Resolute Capital Asset Partners LLC purchased a new position in Nutanix in the 2nd quarter worth approximately $2,274,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the sale, the chief financial officer now directly owns 192,169 shares of the company's stock, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO David Sangster sold 11,950 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the sale, 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. Corporate insiders own 6.80% of the company's stock.

Analyst Ratings Changes

NTNX has been the subject of a number of analyst reports. Needham & Company LLC upped their price target on Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Royal Bank of Canada upped their price target on Nutanix from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Northland Securities restated a "market perform" rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Finally, Wells Fargo & Company upped their price target on Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Nutanix has a consensus rating of "Moderate Buy" and an average target price of $78.86.

Nutanix Price Performance

Shares of NTNX stock traded up $0.21 on Friday, hitting $68.46. 984,035 shares of the stock traded hands, compared to its average volume of 2,576,393. The company has a market capitalization of $18.16 billion, a PE ratio of -195.00, a PEG ratio of 10.52 and a beta of 1.13. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The company's fifty day moving average is $65.38 and its 200 day moving average is $59.40.

About Nutanix

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.