Harvest Fund Management Co. Ltd Acquires Shares of 896 Nutanix, Inc. (NASDAQ:NTNX)

Harvest Fund Management Co. Ltd acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 896 shares of the technology company’s stock, valued at approximately $40,000.

Several other institutional investors also recently bought and sold shares of NTNX. GAMMA Investing LLC acquired a new stake in Nutanix in the fourth quarter valued at approximately $30,000. BluePath Capital Management LLC acquired a new stake in Nutanix in the third quarter valued at approximately $31,000. Fifth Third Bancorp acquired a new stake in Nutanix in the fourth quarter valued at approximately $62,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Nutanix in the third quarter worth approximately $107,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Nutanix in the third quarter worth approximately $143,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Performance

NASDAQ:NTNX opened at $61.66 on Friday. Nutanix, Inc. has a 52 week low of $23.34 and a 52 week high of $66.99. The stock’s fifty day moving average is $62.18 and its two-hundred day moving average is $51.45.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The business had revenue of $565.23 million during the quarter, compared to analysts’ expectations of $551.82 million. On average, equities research analysts anticipate that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

NTNX has been the topic of a number of research analyst reports. Susquehanna lifted their price target on Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Wednesday, April 10th. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. JPMorgan Chase & Co. lifted their price target on Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. JMP Securities lifted their price target on Nutanix from $50.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Monday, February 5th. Finally, Piper Sandler lifted their price target on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.17.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now owns 144,635 shares in the company, valued at $9,368,008.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Steven J. Gomo sold 25,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $64.11, for a total value of $1,602,750.00. Following the sale, the director now owns 3,962 shares in the company, valued at approximately $254,003.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the completion of the sale, the chief financial officer now owns 144,635 shares in the company, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. Insiders have sold 129,506 shares of company stock worth $8,270,938 over the last quarter. 0.46% of the stock is currently owned by company insiders.

Nutanix Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.