Sanctuary Advisors LLC Invests $555,000 in Nutanix, Inc. (NASDAQ:NTNX)

Sanctuary Advisors LLC bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 9,373 shares of the technology company’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Nutanix by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after buying an additional 22,091 shares during the last quarter. Groupama Asset Managment grew its stake in Nutanix by 1.0% during the 3rd quarter. Groupama Asset Managment now owns 707,000 shares of the technology company’s stock valued at $41,890,000 after purchasing an additional 7,000 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Nutanix in the third quarter valued at about $2,690,000. Main Management ETF Advisors LLC purchased a new position in shares of Nutanix in the third quarter worth about $1,012,000. Finally, XTX Topco Ltd acquired a new stake in shares of Nutanix during the third quarter worth about $2,810,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NTNX stock opened at $64.45 on Thursday. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The stock’s fifty day moving average is $66.45 and its two-hundred day moving average is $59.50. The firm has a market capitalization of $17.27 billion, a P/E ratio of -184.14, a PEG ratio of 10.34 and a beta of 1.13.

Analysts Set New Price Targets

A number of research firms have issued reports on NTNX. StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 28th. Bank of America raised their target price on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays upped their price target on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada lifted their price target on Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.47.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares in the company, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Virginia Gambale sold 6,060 shares of the company’s 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 sale, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,771 shares of company stock worth $5,387,045 over the last three months. 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.