On the other hand Companhia Energetica de Minas Gerais (NYSE: CIG) is the least popular one with only 8 bullish hedge fund positions. (NYSE: MTZ) is the most popular stock in this table. That figure was $321 million in NTNX’s case.
View table here if you experience formatting issues.Īs you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $172 million. This group of stocks’ market valuations are similar to NTNX’s market valuation. (NYSE: CHH), Southwest Gas Holdings, Inc. These stocks are Companhia Energetica de Minas Gerais (NYSE: CIG), Choice Hotels International, Inc. Let’s check out hedge fund activity in other stocks similar to Nutanix, Inc. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest fell by 1 funds by the end of the third quarter. Leon Shaulov’s fund, Maplelane Capital, also cut its stock, about $9.1 million worth. It’s worth mentioning that Renaissance Technologies cut the biggest position of the “upper crust” of funds watched by Insider Monkey, totaling an estimated $13.2 million in stock. (NASDAQ:NTNX) has witnessed bearish sentiment from the smart money, it’s easy to see that there was a specific group of money managers that elected to cut their entire stakes by the end of the third quarter. Kerrisdale Capital is also relatively very bullish on the stock, dishing out 2.61 percent of its 13F equity portfolio to NTNX.īecause Nutanix, Inc. (NASDAQ:NTNX), around 8.48% of its 13F portfolio. In terms of the portfolio weights assigned to each position Isomer Partners allocated the biggest weight to Nutanix, Inc. Other investors bullish on the company included Isomer Partners, Altimeter Capital Management, and Citadel Investment Group. It was followed by Millennium Management with a $30.5 million position. (NASDAQ:NTNX) was held by Eminence Capital, which reported holding $141.7 million worth of stock at the end of September. With hedgies’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were increasing their holdings significantly (or already accumulated large positions). The graph below displays the number of hedge funds with bullish position in NTNX over the last 17 quarters. (NASDAQ:NTNX)?Īt Q3’s end, a total of 24 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -4% from the second quarter of 2019. How are hedge funds trading Nutanix, Inc. We’re going to take a glance at the recent hedge fund action regarding Nutanix, Inc.
We only rely on the best performing hedge funds‘ buy/sell signals. Unlike the largest US hedge funds that are convinced Dow will soar past 40,000 or the world’s most bearish hedge fund that’s more convinced than ever that a crash is coming, our long-short investment strategy doesn’t rely on bull or bear markets to deliver double digit returns.
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