Syon Capital LLC Invests $1.62 Million in Nutanix, Inc. (NASDAQ:NTNX)

Syon Capital LLC bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 34,002 shares of the technology company’s stock, valued at approximately $1,622,000.

Other large investors have also recently modified their holdings of the company. Segantii Capital Management Ltd bought a new position in Nutanix in the 3rd quarter valued at $2,672,000. Lisanti Capital Growth LLC purchased a new stake in shares of Nutanix in the 3rd quarter worth $7,135,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Nutanix by 641.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 57,174 shares of the technology company’s stock worth $1,994,000 after buying an additional 49,465 shares during the period. Raymond James & Associates lifted its stake in shares of 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 purchasing an additional 55,596 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Nutanix by 1,038.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 102,983 shares of the technology company’s stock worth $3,592,000 after purchasing an additional 93,934 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NTNX. Morgan Stanley upped their price objective on Nutanix from $58.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 27th. William Blair upgraded Nutanix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 17th. Barclays increased their price target on Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. Finally, Bank of America increased their price target on Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.17.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $63.04, for a total value 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 SEC, which can be accessed through the SEC website. In other news, insider Tyler Wall sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the transaction, the insider now owns 13,168 shares in the company, valued at $819,708. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $63.04, for a total value of $790,836.80. Following the completion of the transaction, the chief operating officer now owns 70,192 shares in the company, valued at approximately $4,424,903.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,506 shares of company stock valued at $8,270,938. Company insiders own 0.46% of the company’s stock.

Nutanix Price Performance

Nutanix stock remained flat at $60.89 during midday trading on Thursday. The company had a trading volume of 1,014,922 shares, compared to its average volume of 2,720,114. Nutanix, Inc. has a 12-month low of $23.34 and a 12-month high of $66.99. The stock’s fifty day simple moving average is $62.08 and its two-hundred day simple moving average is $51.20.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. Equities analysts expect that Nutanix, Inc. will post -0.04 EPS for the current year.

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.