NINE MASTS CAPITAL Ltd Makes New $2.44 Million Investment in Nutanix, Inc. (NASDAQ:NTNX)

NINE MASTS CAPITAL Ltd bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the second quarter, Holdings Channel reports. The fund bought 42,831 shares of the technology company’s stock, valued at approximately $2,435,000. Nutanix comprises about 0.7% of NINE MASTS CAPITAL Ltd’s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Nutanix in the 2nd quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Nutanix in the 4th quarter valued at $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of Nutanix in the 4th quarter valued at $37,000. GAMMA Investing LLC boosted its stake in shares of Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after purchasing an additional 243 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of Nutanix in the 1st quarter valued at $64,000. 85.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Nutanix news, COO David Sangster sold 10,384 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Rajiv Ramaswami sold 23,986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the completion of the sale, the chief executive officer now owns 407,045 shares in the company, valued at $22,057,768.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the sale, the chief operating officer now owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,936 shares of company stock worth $2,531,273. Insiders own 0.46% of the company’s stock.

Nutanix Trading Up 0.1 %

NTNX opened at $60.28 on Thursday. The company’s fifty day moving average price is $53.66 and its two-hundred day moving average price is $58.96. Nutanix, Inc. has a 1-year low of $33.30 and a 1-year high of $73.69. The company has a market cap of $14.87 billion, a price-to-earnings ratio of -861.14, a PEG ratio of 12.03 and a beta of 1.19.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Nutanix from $62.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $80.00 target price on shares of Nutanix in a research note on Thursday, August 29th. Barclays increased their target price on shares of Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, KeyCorp increased their target price on shares of Nutanix from $69.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.31.

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.