EntryPoint Capital LLC Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

EntryPoint Capital LLC acquired a new position in Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,356 shares of the technology company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently made changes to their positions in the business. Napean Trading & Investment Co Singapore PTE Ltd lifted its stake in Nutanix by 102.5% in the fourth quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 81,198 shares of the technology company’s stock worth $4,968,000 after purchasing an additional 41,103 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Nutanix by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock worth $1,568,447,000 after buying an additional 146,854 shares during the period. LPL Financial LLC lifted its stake in shares of Nutanix by 4.8% in the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company’s stock valued at $4,389,000 after acquiring an additional 3,276 shares during the last quarter. Fox Run Management L.L.C. boosted its holdings in Nutanix by 5.4% during the 4th quarter. Fox Run Management L.L.C. now owns 17,185 shares of the technology company’s stock valued at $1,051,000 after acquiring an additional 885 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Nutanix during the 4th quarter worth approximately $5,157,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Raymond James set a $83.00 price target on shares of Nutanix in a report on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Royal Bank of Canada increased their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Piper Sandler boosted their price target on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Morgan Stanley upped their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $87.79.

Insider Activity at Nutanix

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,610,886 shares of company stock valued at $417,646,356 in the last three months. Company insiders own 6.80% of the company’s stock.

Nutanix Trading Down 1.3 %

Shares of Nutanix stock opened at $71.02 on Friday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The firm has a market capitalization of $18.94 billion, a P/E ratio of -202.91, a P/E/G ratio of 11.80 and a beta of 1.04. The business has a fifty day simple moving average of $70.38 and a two-hundred day simple moving average of $66.38.

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.