Healthcare of Ontario Pension Plan Trust Fund Has $1.33 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 4,153.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,500 shares of the technology company's stock after purchasing an additional 21,971 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Nutanix were worth $1,333,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Nutanix in the second quarter worth $25,000. ORG Wealth Partners LLC acquired a new stake in Nutanix in the 3rd quarter valued at $27,000. Larson Financial Group LLC raised its position in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after purchasing an additional 281 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Nutanix during the second quarter worth about $32,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NTNX. Raymond James raised their target price on Nutanix from $76.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, August 29th. Morgan Stanley lifted their price objective on shares of Nutanix from $72.00 to $78.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Barclays upped their target price on shares of Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Finally, Piper Sandler raised their price target on shares of Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.86.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded up $0.87 during trading on Monday, hitting $66.15. 3,512,045 shares of the stock were exchanged, compared to its average volume of 2,584,335. The company has a market capitalization of $17.54 billion, a price-to-earnings ratio of -189.00, a price-to-earnings-growth ratio of 10.80 and a beta of 1.17. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The company's fifty day simple moving average is $64.98 and its 200-day simple moving average is $59.31.

Insiders Place Their Bets

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the business's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares of the company's stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction on Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the transaction, the chief operating officer now directly owns 123,868 shares of the company's stock, valued at approximately $7,411,022.44. The trade was a 8.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.