Bryce Point Capital LLC Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Bryce Point Capital LLC acquired a new position in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,837 shares of the technology company’s stock, valued at approximately $541,000.

A number of other institutional investors also recently bought and sold shares of the stock. Harbour Investments Inc. lifted its position in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after acquiring an additional 418 shares in the last quarter. Allworth Financial LP lifted its holdings in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. boosted its stake in Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nutanix during the 4th quarter valued at approximately $40,000. Finally, Larson Financial Group LLC raised its position in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after buying an additional 146 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $64.78 on Friday. The business’s 50 day moving average price is $70.65 and its 200-day moving average price is $66.58. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The company has a market cap of $17.27 billion, a price-to-earnings ratio of -185.09, a PEG ratio of 11.80 and a beta of 1.04.

Analyst Ratings Changes

Several equities analysts recently weighed in on NTNX shares. Needham & Company LLC raised their target price on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Raymond James set a $83.00 price target on Nutanix in a research note on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Finally, UBS Group increased 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. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nutanix presently has an average rating of “Buy” and an average price target of $87.79.

Insiders Place Their Bets

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the sale, the chief executive officer now owns 558,366 shares of the company’s stock, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,886 shares of company stock worth $417,646,356 over the last quarter. Company insiders own 6.80% of the company’s stock.

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.