Versant Capital Management Inc Has $546,000 Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Versant Capital Management Inc increased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 972.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,820 shares of the technology company's stock after purchasing an additional 7,091 shares during the period. Versant Capital Management Inc's holdings in Nutanix were worth $546,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NTNX. Norges Bank bought a new position in Nutanix during the 4th quarter worth approximately $195,758,000. Pictet Asset Management Holding SA boosted its position in shares of Nutanix by 6,785.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock worth $130,885,000 after purchasing an additional 2,108,269 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of Nutanix in the 4th quarter valued at $91,639,000. Contour Asset Management LLC bought a new stake in shares of Nutanix in the 4th quarter valued at $87,318,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Nutanix in the 4th quarter valued at $86,824,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Price Performance

NASDAQ NTNX traded down $0.28 on Wednesday, reaching $77.44. The stock had a trading volume of 585,733 shares, compared to its average volume of 2,529,633. The company has a market cap of $20.65 billion, a P/E ratio of -221.26, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The firm has a fifty day moving average of $70.49 and a two-hundred day moving average of $68.90. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.36.

Insider Activity

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix 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 completion of the sale, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NTNX has been the subject of several research analyst reports. Susquehanna boosted their price objective on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Thursday, May 29th. UBS Group boosted their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen upgraded Nutanix from a "buy" rating to a "strong-buy" rating in a report on Friday, May 30th. Piper Sandler restated an "overweight" rating and issued a $88.00 price target (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, Raymond James downgraded Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Nutanix presently has a consensus rating of "Buy" and a consensus target price of $90.38.

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.