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

Syon Capital LLC acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 34,002 shares of the technology company’s stock, valued at approximately $1,622,000.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in Nutanix by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 103,926 shares of the technology company’s stock valued at $4,956,000 after purchasing an additional 943 shares during the last quarter. Tabor Asset Management LP acquired a new stake in Nutanix during the 4th quarter worth approximately $4,046,000. Raymond James & Associates lifted its holdings in Nutanix by 306.0% during the 4th quarter. Raymond James & Associates now owns 73,765 shares of the technology company’s stock worth $3,518,000 after buying an additional 55,596 shares in the last quarter. M&T Bank Corp increased its position in shares of Nutanix by 3.6% in the 4th quarter. M&T Bank Corp now owns 9,270 shares of the technology company’s stock valued at $442,000 after purchasing an additional 325 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Nutanix by 7,970.6% in the 4th quarter. International Assets Investment Management LLC now owns 103,869 shares of the technology company’s stock valued at $4,954,000 after purchasing an additional 102,582 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Up 1.7 %

NTNX traded up $0.88 during trading on Friday, hitting $54.01. 1,648,443 shares of the company’s stock were exchanged, compared to its average volume of 3,364,346. Nutanix, Inc. has a 1 year low of $26.47 and a 1 year high of $73.69. The stock has a 50 day moving average price of $62.72 and a 200 day moving average price of $57.65. The firm has a market cap of $13.20 billion, a P/E ratio of -771.57, a price-to-earnings-growth ratio of 14.47 and a beta of 1.10.

Insider Activity

In other Nutanix news, insider Tyler Wall sold 15,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the transaction, the insider now directly owns 13,168 shares in the company, valued at approximately $819,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Nutanix news, COO David Sangster sold 12,545 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $63.04, for a total transaction of $790,836.80. Following the sale, the chief operating officer now directly owns 70,192 shares of the company’s stock, valued at $4,424,903.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tyler Wall sold 15,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total transaction of $933,750.00. Following the sale, the insider now directly owns 13,168 shares in the company, valued at $819,708. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,506 shares of company stock worth $6,668,188. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays cut their price target on shares of Nutanix from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Needham & Company LLC lifted their target price on shares of Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Piper Sandler boosted their price objective on shares of Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Finally, Raymond James boosted their price objective on shares of Nutanix from $72.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.77.

Nutanix Company 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.