66,000 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 66,000 shares of the technology company's stock, valued at approximately $4,038,000.

Other large investors have also recently made changes to their positions in the company. Bain Capital Investors LLC bought a new position in Nutanix in the 3rd quarter valued at about $998,601,000. Champlain Investment Partners LLC lifted its holdings in shares of Nutanix by 3.7% in 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. Geode Capital Management LLC boosted its position in shares of Nutanix by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock valued at $245,968,000 after buying an additional 22,091 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Nutanix by 15.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock worth $166,886,000 after buying an additional 374,328 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock valued at $166,730,000 after buying an additional 695,567 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NTNX. Barclays upped their target price on shares of Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday. Oppenheimer initiated coverage on shares of Nutanix in a research report on Wednesday, November 13th. They set an "outperform" rating and a $80.00 target price on the stock. Raymond James reduced their target price on Nutanix from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley raised their target price on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.50.

Insiders Place Their Bets

In related news, CFO Rukmini Sivaraman sold 11,810 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the sale, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,917 shares of company stock valued at $12,114,781 in the last quarter. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Down 3.3 %

Shares of NTNX stock traded down $2.35 during trading on Friday, hitting $69.74. The company had a trading volume of 1,687,100 shares, compared to its average volume of 1,807,464. The stock's 50-day moving average is $66.24 and its two-hundred day moving average is $63.23. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of -199.26, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80.

About Nutanix

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.