Tidal Investments LLC Boosts Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Tidal Investments LLC raised its stake in Nutanix, Inc. (NASDAQ:NTNX) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,297 shares of the technology company’s stock after acquiring an additional 862 shares during the quarter. Tidal Investments LLC’s holdings in Nutanix were worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in Nutanix in the third quarter valued at approximately $111,000. Sanctuary Advisors LLC purchased a new position in shares of Nutanix during the 3rd quarter valued at $555,000. Geode Capital Management LLC grew its stake in shares of Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock worth $245,968,000 after acquiring an additional 22,091 shares during the period. Groupama Asset Managment increased its holdings in Nutanix by 1.0% in the 3rd quarter. Groupama Asset Managment now owns 707,000 shares of the technology company’s stock worth $41,890,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Nutanix in the 3rd quarter valued at about $2,690,000. 85.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NTNX shares. JPMorgan Chase & Co. increased their target price on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Oppenheimer initiated coverage on shares of Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective for the company. UBS Group initiated coverage on Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 target price on the stock. Piper Sandler lifted their price target on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Bank of America boosted their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.47.

Nutanix Price Performance

NTNX stock opened at $63.33 on Thursday. The firm has a 50 day simple moving average of $66.45 and a two-hundred day simple moving average of $59.13. The stock has a market cap of $16.97 billion, a PE ratio of -180.94, a P/E/G ratio of 10.34 and a beta of 1.13. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80.

Insider Transactions at Nutanix

In related news, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

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.