Nutanix, Inc. (NASDAQ:NTNX) Holdings Boosted by Cadian Capital Management LP

Cadian Capital Management LP lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 68.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,455,792 shares of the technology company's stock after acquiring an additional 591,892 shares during the period. Nutanix makes up approximately 5.1% of Cadian Capital Management LP's portfolio, making the stock its 7th biggest position. Cadian Capital Management LP owned approximately 0.54% of Nutanix worth $89,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in Nutanix during the third quarter worth $111,000. Tidal Investments LLC grew its stake in shares of Nutanix by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 22,297 shares of the technology company's stock valued at $1,321,000 after buying an additional 862 shares during the period. Versant Capital Management Inc increased its position in Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock valued at $45,000 after buying an additional 623 shares in the last quarter. GAMMA Investing LLC increased its position in Nutanix by 24.4% in the 4th quarter. GAMMA Investing LLC now owns 1,691 shares of the technology company's stock valued at $103,000 after buying an additional 332 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in Nutanix during the 4th quarter worth approximately $451,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTNX has been the subject of several recent research reports. Barclays set a $94.00 price objective on Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. UBS Group upped their price objective on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada lifted their price objective on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Raymond James set a $83.00 target price on shares of Nutanix in a report on Thursday, February 27th. Finally, Piper Sandler dropped their price target on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $87.85.

Nutanix Stock Up 0.9 %

NTNX traded up $0.68 during trading hours on Friday, hitting $75.10. The stock had a trading volume of 1,298,364 shares, compared to its average volume of 2,524,324. The stock has a market cap of $20.03 billion, a PE ratio of -214.57, 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 $79.99. The company's fifty day simple moving average is $67.62 and its 200 day simple moving average is $67.37.

Insider Activity at Nutanix

In other 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 value of $409,805,000.00. Following the completion of the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares in the company, valued at approximately $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,514,740 shares of company stock worth $410,918,620. 6.80% of the stock is owned by corporate 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.