Graham Capital Management L.P. Purchases 3,791 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Graham Capital Management L.P. grew its position in Nutanix, Inc. (NASDAQ:NTNX) by 52.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,040 shares of the technology company’s stock after acquiring an additional 3,791 shares during the quarter. Graham Capital Management L.P.’s holdings in Nutanix were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after acquiring an additional 146 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock valued at $349,000 after acquiring an additional 188 shares during the period. Coldstream Capital Management Inc. boosted its holdings in Nutanix by 5.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,588 shares of the technology company’s stock valued at $220,000 after acquiring an additional 196 shares during the period. Principal Securities Inc. boosted its holdings in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Nutanix by 5.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company’s stock valued at $282,000 after acquiring an additional 249 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $81.83 on Thursday. The stock has a market capitalization of $21.82 billion, a P/E ratio of -233.80, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.14. The business has a fifty day moving average price of $68.07 and a 200 day moving average price of $67.72.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of research analyst reports. UBS Group lifted their target price on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada lifted their target price on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Oppenheimer lifted their target price on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Needham & Company LLC lifted their target price on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $87.85.

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now directly owns 3,050 shares of the company’s stock, valued at $232,288. This represents a 69.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,575,797 shares of company stock worth $415,742,123 in the last three months. 6.80% of the stock is owned by insiders.

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.