Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co raised its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 79.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,322 shares of the technology company's stock after purchasing an additional 62,189 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.05% of Nutanix worth $8,579,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NTNX. Harbour Investments Inc. grew its stake in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after buying an additional 418 shares in the last quarter. Allworth Financial LP grew its position in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after acquiring an additional 256 shares in the last quarter. Principal Securities Inc. grew its position in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after acquiring an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix during the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC lifted its position in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on NTNX. Wells Fargo & Company boosted their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Oppenheimer increased their price target on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Needham & Company LLC increased their target price on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Nutanix currently has an average rating of "Buy" and a consensus target price of $87.85.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the sale, the director now directly owns 3,050 shares of the company's stock, valued at $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,592 shares of company stock worth $417,628,260 over the last ninety days. Company insiders own 6.80% of the company's stock.

Nutanix Price Performance

Shares of NASDAQ:NTNX traded up $1.42 during trading on Friday, reaching $67.16. 1,933,013 shares of the company's stock traded hands, compared to its average volume of 2,518,359. The stock has a market capitalization of $17.91 billion, a P/E ratio of -191.89, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The company has a 50 day moving average of $67.82 and a 200-day moving average of $66.78.

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.