iA Global Asset Management Inc. Buys New Stake in Nutanix, Inc. (NASDAQ:NTNX)

iA Global Asset Management Inc. bought a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,791 shares of the technology company's stock, valued at approximately $415,000.

Several other institutional investors also recently bought and sold shares of the business. Vinva Investment Management Ltd boosted its position in shares of Nutanix by 4,777.2% in the fourth quarter. Vinva Investment Management Ltd now owns 128,562 shares of the technology company's stock worth $7,943,000 after acquiring an additional 125,926 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Nutanix by 112.4% in the 4th quarter. Xponance Inc. now owns 32,604 shares of the technology company's stock valued at $1,995,000 after purchasing an additional 17,252 shares during the last quarter. Counterpoint Mutual Funds LLC grew its stake in shares of Nutanix by 32.2% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 5,953 shares of the technology company's stock valued at $364,000 after buying an additional 1,450 shares during the period. Cibc World Markets Corp acquired a new stake in shares of Nutanix during the 4th quarter worth $698,000. Finally, Harbour Investments Inc. raised its position in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTNX has been the topic of a number of research reports. Raymond James set a $83.00 price objective on Nutanix in a report on Thursday, February 27th. Wells Fargo & Company raised their price target on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Piper Sandler increased their price target on Nutanix from $83.00 to $88.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $87.79.

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Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the sale, the director now owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,886 shares of company stock valued at $417,646,356 over the last ninety days. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Down 1.8 %

Shares of NTNX traded down $1.32 during trading on Thursday, reaching $71.96. The company's stock had a trading volume of 2,146,904 shares, compared to its average volume of 2,432,240. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The company has a market cap of $19.19 billion, a price-to-earnings ratio of -205.60, a P/E/G ratio of 11.80 and a beta of 1.04. The company has a fifty day moving average of $70.15 and a two-hundred day moving average of $66.22.

Nutanix Company 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.