Bain Capital Investors LLC Purchases New Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Bain Capital Investors LLC acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,854,032 shares of the technology company’s stock, valued at approximately $998,601,000. Nutanix makes up about 26.1% of Bain Capital Investors LLC’s investment portfolio, making the stock its 2nd biggest position. Bain Capital Investors LLC owned 6.35% of Nutanix at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NTNX. Driehaus Capital Management LLC raised its stake in shares of Nutanix by 123.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after purchasing an additional 794,215 shares in the last quarter. Marshall Wace LLP raised its stake in Nutanix by 47.5% during the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after buying an additional 477,838 shares in the last quarter. Deepwater Asset Management LLC bought a new position in Nutanix during the 2nd quarter worth approximately $15,480,000. BW Gestao de Investimentos Ltda. acquired a new position in shares of Nutanix in the 2nd quarter worth approximately $14,781,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Nutanix by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock valued at $212,548,000 after acquiring an additional 256,156 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Oppenheimer initiated coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. Needham & Company LLC increased their price objective on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their target price on Nutanix from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Northland Securities reiterated a “market perform” rating and set a $77.00 price target (up from $74.00) on shares of Nutanix in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $78.86.

Insider Activity

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the sale, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Nutanix Trading Down 7.8 %

NTNX stock opened at $66.70 on Thursday. The firm’s 50-day moving average is $64.64 and its two-hundred day moving average is $59.40. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of -128.27, a price-to-earnings-growth ratio of 12.05 and a beta of 1.17. Nutanix, Inc. has a 52 week low of $40.44 and a 52 week high of $75.80.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Wednesday, August 28th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $547.95 million for the quarter, compared to analysts’ expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. On average, equities research analysts predict that Nutanix, Inc. will post 0.31 earnings per share for the current year.

Nutanix Company 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.