Cibc World Markets Corp Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

Cibc World Markets Corp acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 11,402 shares of the technology company's stock, valued at approximately $698,000.

Other large investors have also bought and sold shares of the company. Harbour Investments Inc. lifted its stake 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 valued at $27,000 after purchasing an additional 418 shares during the period. Allworth Financial LP raised its holdings in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after purchasing an additional 256 shares in the last quarter. Larson Financial Group LLC lifted its position in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after buying an additional 281 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after acquiring an additional 321 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Transactions at Nutanix

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

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Nutanix Trading Down 2.2 %

NTNX stock traded down $1.64 during midday trading on Wednesday, reaching $73.28. 2,483,275 shares of the company's stock traded hands, compared to its average volume of 2,429,909. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The stock has a market cap of $19.54 billion, a P/E ratio of -209.37, a PEG ratio of 11.80 and a beta of 1.04. The stock's 50-day moving average is $70.01 and its 200 day moving average is $66.17.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NTNX shares. Wells Fargo & Company raised their price target on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Needham & Company LLC raised their price objective on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Oppenheimer increased their price target on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada boosted their price objective on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Buy" and a consensus price target of $87.79.

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.