Rheos Capital Works Inc. Purchases 32,000 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Rheos Capital Works Inc. lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,000 shares of the technology company’s stock after acquiring an additional 32,000 shares during the period. Rheos Capital Works Inc.’s holdings in Nutanix were worth $8,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NTNX. Versor Investments LP increased its holdings in Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock worth $1,976,000 after purchasing an additional 22,652 shares in the last quarter. Atreides Management LP acquired a new position in shares of Nutanix in the 3rd quarter worth approximately $8,290,000. Two Sigma Advisers LP lifted its holdings in Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after buying an additional 695,567 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Nutanix by 101.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company’s stock valued at $2,486,000 after purchasing an additional 21,086 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Nutanix by 10.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock worth $80,287,000 after buying an additional 125,657 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on NTNX shares. Needham & Company LLC raised their target price on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Oppenheimer initiated coverage on shares of Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. Wells Fargo & Company increased their price target on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. UBS Group started coverage on Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 target price for the company. Finally, Piper Sandler boosted their price target on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.87.

Nutanix Trading Up 1.1 %

Shares of NASDAQ:NTNX opened at $68.76 on Monday. The company has a 50 day moving average of $65.22 and a 200 day moving average of $61.27. The stock has a market cap of $18.42 billion, a P/E ratio of -196.46, a P/E/G ratio of 11.26 and a beta of 1.17. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80.

Insider Activity

In other news, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix 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 directly owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Virginia Gambale sold 6,060 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,065 shares of company stock worth $5,405,141 in the last three months. Corporate insiders own 6.80% of the company’s stock.

About Nutanix

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.