Polymer Capital Management US LLC Makes New $281,000 Investment in Nutanix, Inc. (NASDAQ:NTNX)

Polymer Capital Management US LLC purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,599 shares of the technology company's stock, valued at approximately $281,000.

Several other institutional investors also recently modified their holdings of NTNX. Larson Financial Group LLC increased its position in shares of Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after acquiring an additional 146 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after buying an additional 188 shares during the period. Principal Securities Inc. increased its holdings in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Nutanix by 5.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock worth $282,000 after buying an additional 249 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after acquiring an additional 256 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

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Nutanix Trading Down 4.4 %

NASDAQ:NTNX traded down $2.74 during mid-day trading on Friday, hitting $59.30. 4,399,701 shares of the company's stock traded hands, compared to its average volume of 2,512,611. The firm has a market capitalization of $15.81 billion, a price-to-earnings ratio of -169.43, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The firm has a 50 day moving average of $69.57 and a two-hundred day moving average of $66.68. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NTNX shares. Needham & Company LLC upped their target price on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company raised their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Piper Sandler reduced their target price on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Finally, UBS Group lifted their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutanix currently has an average rating of "Buy" and an average target price of $87.85.

Insider Transactions at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the sale, the chief executive officer now owns 540,463 shares of the company's stock, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,886 shares of company stock worth $417,646,356 over the last three months. 6.80% of the stock is currently owned by insiders.

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.