Rheos Capital Works Inc. Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Rheos Capital Works Inc. bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the technology company’s stock, valued at approximately $5,925,000.

Several other institutional investors have also modified their holdings of the business. Paragon Capital Management Inc. increased its stake in shares of Nutanix by 1.0% in the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after buying an additional 258 shares during the last quarter. Creative Planning grew its holdings in Nutanix by 26.5% during the 3rd quarter. Creative Planning now owns 13,862 shares of the technology company’s stock worth $821,000 after acquiring an additional 2,907 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Nutanix in the 3rd quarter worth about $27,000. Inspire Investing LLC raised its stake in shares of Nutanix by 22.8% in the 3rd quarter. Inspire Investing LLC now owns 44,606 shares of the technology company’s stock valued at $2,643,000 after purchasing an additional 8,287 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Nutanix by 148.3% during the third quarter. CWM LLC now owns 28,958 shares of the technology company’s stock worth $1,716,000 after purchasing an additional 17,294 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

NTNX opened at $63.89 on Thursday. The stock’s 50 day moving average price is $58.29 and its 200 day moving average price is $58.56. The stock has a market cap of $15.76 billion, a P/E ratio of -912.71, a P/E/G ratio of 12.80 and a beta of 1.18. Nutanix, Inc. has a 12 month low of $34.40 and a 12 month high of $73.69.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The company had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. Equities analysts anticipate that Nutanix, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on NTNX shares. Raymond James boosted their price objective on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of Nutanix in a research report on Thursday, August 29th. JPMorgan Chase & Co. lifted their price objective on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a report 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 report on Thursday, August 29th. Finally, Northland Securities lifted their price target on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and a consensus target price of $73.31.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the 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 in the company, valued at $11,309,145.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO David Sangster sold 11,950 shares of the firm’s 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 transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.

About Nutanix

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.