Nutanix, Inc. (NASDAQ:NTNX) Stock Holdings Boosted by Concentric Capital Strategies LP

Concentric Capital Strategies LP increased its position in Nutanix, Inc. (NASDAQ:NTNX) by 29.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,197 shares of the technology company’s stock after buying an additional 46,582 shares during the quarter. Concentric Capital Strategies LP owned about 0.08% of Nutanix worth $12,039,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Nutanix during the 2nd quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new position in Nutanix in the third quarter worth approximately $27,000. Larson Financial Group LLC increased its holdings in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Nutanix during the 2nd quarter valued at $32,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after acquiring an additional 321 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 2.1 %

NASDAQ:NTNX opened at $65.28 on Monday. The firm has a market capitalization of $17.31 billion, a PE ratio of -186.51, a PEG ratio of 10.80 and a beta of 1.17. Nutanix, Inc. has a 1 year low of $42.22 and a 1 year high of $75.80. The firm’s fifty day simple moving average is $64.88 and its 200 day simple moving average is $59.33.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Northland Securities reissued a “market perform” rating and issued a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Piper Sandler boosted their target price 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. JPMorgan Chase & Co. raised their target price on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Oppenheimer assumed coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target on the stock. Finally, Royal Bank of Canada lifted their target price on Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.86.

Insider Activity at Nutanix

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

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.