Y Intercept Hong Kong Ltd Invests $2.69 Million in Nutanix, Inc. (NASDAQ:NTNX)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 45,397 shares of the technology company's stock, valued at approximately $2,690,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Nutanix during the 3rd quarter worth $27,000. Larson Financial Group LLC raised its stake in shares of Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock worth $30,000 after acquiring an additional 281 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Nutanix during the second quarter valued at approximately $32,000. Advisors Asset Management Inc. boosted its stake in Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after acquiring an additional 321 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Nutanix by 57.8% in the third quarter. Signaturefd LLC now owns 956 shares of the technology company's stock worth $57,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Down 1.8 %

Shares of NASDAQ NTNX traded down $1.15 during trading on Tuesday, hitting $64.17. The company had a trading volume of 2,458,992 shares, compared to its average volume of 2,578,058. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of -183.34, a price-to-earnings-growth ratio of 11.25 and a beta of 1.13. The stock has a fifty day simple moving average of $65.66 and a two-hundred day simple moving average of $59.14. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80.

Analyst Ratings Changes

NTNX has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Nutanix from $72.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Wells Fargo & Company raised their target price on Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Raymond James lifted their target price on Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Bank of America upped their price target on shares of Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Finally, Barclays raised their target price on Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.86.

Insider Buying and Selling

In other news, COO David Sangster sold 11,950 shares of the firm's 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 transaction, the chief operating officer now directly owns 123,868 shares of the company's stock, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the 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 completion of the sale, the chief financial officer now owns 192,169 shares of the company's stock, 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. 6.80% of the stock is currently owned by insiders.

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.