Holocene Advisors LP Decreases Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Holocene Advisors LP lowered its position in Nutanix, Inc. (NASDAQ:NTNX) by 86.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 119,820 shares of the technology company’s stock after selling 795,406 shares during the period. Holocene Advisors LP’s holdings in Nutanix were worth $7,099,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in Nutanix by 48.7% in the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after purchasing an additional 24,918 shares during the last quarter. GAMMA Investing LLC grew its stake in Nutanix by 35.2% during the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after buying an additional 243 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Nutanix during the 2nd quarter valued at about $25,000. CWM LLC raised its stake in Nutanix by 39.8% in the second quarter. CWM LLC now owns 11,664 shares of the technology company’s stock valued at $663,000 after buying an additional 3,323 shares during the last quarter. Finally, Symmetry Partners LLC grew its stake in shares of Nutanix by 19.5% during the second quarter. Symmetry Partners LLC now owns 7,831 shares of the technology company’s stock worth $445,000 after acquiring an additional 1,279 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Nutanix from $72.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Needham & Company LLC lifted their price objective on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Oppenheimer began coverage on Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price for the company. Finally, StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $78.86.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Nutanix Price Performance

NASDAQ:NTNX opened at $66.01 on Wednesday. The company has a 50 day moving average price of $65.09 and a 200-day moving average price of $59.28. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of -188.60, a price-to-earnings-growth ratio of 10.40 and a beta of 1.13.

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.