Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Optimist Retirement Group LLC

Optimist Retirement Group LLC lifted its position in Nutanix, Inc. (NASDAQ:NTNX) by 62.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,026 shares of the technology company’s stock after acquiring an additional 2,314 shares during the period. Optimist Retirement Group LLC’s holdings in Nutanix were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of NTNX. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Nutanix in the 2nd quarter valued at $25,000. Kapitalo Investimentos Ltda acquired a new position in shares of Nutanix during the fourth quarter worth about $37,000. GAMMA Investing LLC boosted its position in shares of Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after purchasing an additional 243 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Nutanix in the 1st quarter worth approximately $64,000. Finally, Versant Capital Management Inc raised its position in Nutanix by 18,916.7% during the second quarter. Versant Capital Management Inc now owns 1,141 shares of the technology company’s stock worth $65,000 after acquiring an additional 1,135 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Price Performance

NASDAQ NTNX opened at $57.40 on Thursday. Nutanix, Inc. has a 1 year low of $33.30 and a 1 year high of $73.69. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of -820.00, a PEG ratio of 12.07 and a beta of 1.19. The company has a fifty day moving average price of $53.61 and a 200-day moving average price of $58.89.

Analyst Upgrades and Downgrades

NTNX has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. Royal Bank of Canada upped their target price on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Barclays boosted their price objective on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. KeyCorp upped their price objective on Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Finally, Piper Sandler increased their target price on Nutanix from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.31.

Insider Activity

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The disclosure for this sale can be found here. Company insiders own 0.46% 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.