Alight Capital Management LP Reduces Position in Nutanix, Inc. (NASDAQ:NTNX)

Alight Capital Management LP decreased its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 64.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,565 shares of the technology company's stock after selling 19,435 shares during the quarter. Alight Capital Management LP's holdings in Nutanix were worth $646,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. raised its position in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares in the last quarter. Allworth Financial LP grew its stake in Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after buying an additional 256 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Nutanix by 52.4% in 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. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix in the fourth quarter valued at about $40,000. Finally, Larson Financial Group LLC raised its stake 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 last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NTNX shares. Raymond James set a $83.00 price objective on shares of Nutanix in a research report on Thursday, February 27th. UBS Group lifted their price objective on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada increased their target price on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Needham & Company LLC upped their price objective on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and raised their target price for the company from $77.00 to $97.00 in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $87.85.

Insider Activity

In other Nutanix 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 completion of the sale, the director now directly owns 3,050 shares in the company, valued at $232,288. This represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. The trade was a 32.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,610,592 shares of company stock valued at $417,628,260 in the last ninety days. Company insiders own 6.80% of the company's stock.

Nutanix Stock Down 0.2 %

Shares of NTNX stock traded down $0.11 during trading hours on Monday, hitting $72.43. 944,749 shares of the company were exchanged, compared to its average volume of 2,523,125. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The firm has a fifty day moving average of $67.81 and a 200 day moving average of $67.01. The firm has a market cap of $19.31 billion, a PE ratio of -206.94, a PEG ratio of 11.80 and a beta of 0.70.

Nutanix 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.