Yousif Capital Management LLC Acquires New Position in Nutanix, Inc. (NASDAQ:NTNX)

Yousif Capital Management LLC acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,289 shares of the technology company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bain Capital Investors LLC acquired a new position in Nutanix during the third quarter worth about $998,601,000. Two Sigma Advisers LP grew its holdings in shares of Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of 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. Parsifal Capital Management LP increased its position in Nutanix by 28.1% during the 3rd quarter. Parsifal Capital Management LP now owns 1,075,776 shares of the technology company’s stock worth $63,740,000 after purchasing an additional 235,966 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in Nutanix by 3.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after purchasing an additional 215,363 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Down 0.5 %

NTNX stock opened at $70.47 on Tuesday. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of -201.34, a PEG ratio of 11.60 and a beta of 1.17. The company’s fifty day simple moving average is $65.76 and its 200 day simple moving average is $62.78. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares in the company, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,917 shares of company stock valued at $12,114,781. Corporate insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NTNX. Oppenheimer assumed coverage on shares of Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target for the company. Northland Securities reaffirmed a “market perform” rating and issued a $77.00 target price (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Needham & Company LLC boosted 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. Wells Fargo & Company upped their price objective on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Barclays lifted their target price on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Nutanix Profile

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.