36,763 Shares in Nutanix, Inc. (NASDAQ:NTNX) Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 36,763 shares of the technology company's stock, valued at approximately $2,258,000.

A number of other hedge funds also recently modified their holdings of NTNX. Bain Capital Investors LLC bought a new stake in Nutanix during the third quarter worth about $998,601,000. Two Sigma Advisers LP lifted its holdings in shares of Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock worth $166,730,000 after acquiring an additional 695,567 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock worth $166,886,000 after acquiring an additional 374,328 shares in the last quarter. Parsifal Capital Management LP increased its stake in Nutanix by 28.1% in the third quarter. Parsifal Capital Management LP now owns 1,075,776 shares of the technology company's stock valued at $63,740,000 after acquiring an additional 235,966 shares during the last quarter. Finally, Champlain Investment Partners LLC raised its position in Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock valued at $354,867,000 after purchasing an additional 215,363 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 63,901 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the transaction, the chief executive officer now directly owns 649,034 shares of the company's stock, valued at $42,738,888.90. The trade was a 8.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Virginia Gambale sold 6,060 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now owns 45,330 shares in the company, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,065 shares of company stock worth $5,405,141 over the last ninety days. 6.80% of the stock is owned by insiders.

Nutanix Trading Up 1.1 %

NASDAQ:NTNX traded up $0.75 during trading hours on Friday, hitting $68.76. 3,346,125 shares of the company were exchanged, compared to its average volume of 1,757,100. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of -196.46, a price-to-earnings-growth ratio of 11.09 and a beta of 1.16. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The company has a fifty day simple moving average of $65.22 and a 200 day simple moving average of $61.18.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NTNX shares. Needham & Company LLC lifted their price target on Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. StockNews.com downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Wells Fargo & Company raised their price target on shares of Nutanix from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Piper Sandler upped their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Finally, Oppenheimer initiated coverage on shares of Nutanix in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $78.87.

Nutanix 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.