Encompass More Asset Management Purchases Shares of 8,390 Nutanix, Inc. (NASDAQ:NTNX)

Encompass More Asset Management acquired a new position in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,390 shares of the technology company’s stock, valued at approximately $513,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bain Capital Investors LLC acquired a new stake in shares of Nutanix in the third quarter worth $998,601,000. Champlain Investment Partners LLC raised its stake in shares of Nutanix by 3.7% during the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after buying an additional 215,363 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Nutanix by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after buying an additional 22,091 shares during the period. Jacobs Levy Equity Management Inc. boosted 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 worth $166,886,000 after buying an additional 374,328 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the transaction, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,065 shares of company stock worth $5,405,141. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Performance

Shares of NTNX stock opened at $65.24 on Friday. The firm has a market cap of $17.48 billion, a P/E ratio of -186.08, a P/E/G ratio of 10.88 and a beta of 1.16. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The firm’s 50 day moving average price is $65.73 and its 200-day moving average price is $60.66.

Analyst Ratings Changes

A number of research analysts have issued reports on NTNX shares. Oppenheimer started coverage on Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. Piper Sandler raised their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Raymond James decreased their price objective on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Morgan Stanley raised their target price on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Barclays upped their price target on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.87.

Nutanix Company 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.