GAMMA Investing LLC Has $103,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

GAMMA Investing LLC raised its stake in Nutanix, Inc. (NASDAQ:NTNX) by 24.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,691 shares of the technology company’s stock after purchasing an additional 332 shares during the period. GAMMA Investing LLC’s holdings in Nutanix were worth $103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bain Capital Investors LLC acquired a new position in shares of Nutanix in the third quarter valued at $998,601,000. Champlain Investment Partners LLC grew its stake in shares of Nutanix by 3.7% in the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after acquiring an additional 215,363 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Nutanix by 0.5% in the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after acquiring an additional 22,091 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Nutanix by 7.4% in the second quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock valued at $212,548,000 after acquiring an additional 256,156 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of 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 acquiring an additional 374,328 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTNX has been the topic of several research reports. Piper Sandler upped their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Needham & Company LLC upped their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Northland Securities restated a “market perform” rating and issued a $77.00 price target (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Barclays upped their price target on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer assumed coverage on shares of Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and an average price target of $79.47.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $62.23 on Friday. The company has a 50 day simple moving average of $66.33 and a 200 day simple moving average of $60.22. The firm has a market cap of $16.67 billion, a PE ratio of -177.80, a price-to-earnings-growth ratio of 10.34 and a beta of 1.16. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were 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 of the company’s stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 81,771 shares of company stock worth $5,387,045 in the last quarter. 6.80% of the stock is owned by insiders.

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.