8,390 Shares in Nutanix, Inc. (NASDAQ:NTNX) Bought by Encompass More Asset Management

Encompass More Asset Management acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,390 shares of the technology company’s stock, valued at approximately $513,000.

Several other large investors also recently bought and sold shares of the stock. Bain Capital Investors LLC acquired a new position in shares of Nutanix in the 3rd quarter valued at $998,601,000. Driehaus Capital Management LLC boosted its stake in Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after purchasing an additional 794,215 shares during the period. Two Sigma Advisers LP grew its position in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Nutanix by 15.3% in the third 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 period. Finally, Parsifal Capital Management LP raised its holdings in shares of Nutanix by 28.1% in the third quarter. Parsifal Capital Management LP now owns 1,075,776 shares of the technology company’s stock valued at $63,740,000 after buying an additional 235,966 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Performance

Nutanix stock opened at $65.24 on Friday. The firm has a market capitalization of $17.48 billion, a price-to-earnings ratio of -186.08, a price-to-earnings-growth ratio of 10.88 and a beta of 1.16. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The stock’s fifty day moving average is $65.73 and its two-hundred day moving average is $60.66.

Analyst Ratings Changes

NTNX has been the topic of several recent research reports. Northland Securities restated a “market perform” rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Oppenheimer assumed coverage on Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price on the stock. Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Raymond James dropped their price objective on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company raised their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Nutanix has an average rating of “Moderate Buy” and an average price target of $78.87.

Insider Activity at Nutanix

In related news, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the transaction, the chief financial officer now owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,065 shares of company stock valued at $5,405,141. Insiders own 6.80% of the company’s stock.

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.