MIG Capital LLC Buys Shares of 5,255 Nutanix, Inc. (NASDAQ:NTNX)

MIG Capital LLC acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,255 shares of the technology company's stock, valued at approximately $322,000.

Several other hedge funds have also recently added to or reduced their stakes in NTNX. Harbour Investments Inc. lifted its holdings in shares of Nutanix by 2,612.5% during the fourth 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 last quarter. Allworth Financial LP raised its stake in Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after purchasing an additional 256 shares during the last quarter. Principal Securities Inc. boosted its holdings in Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Nutanix in the 4th quarter worth $40,000. Finally, Larson Financial Group LLC increased its holdings in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after purchasing an additional 146 shares during the period. Institutional investors own 85.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NTNX shares. Barclays set a $94.00 target price on Nutanix and gave the stock an "overweight" rating in a research report on Thursday, February 27th. UBS Group boosted their price objective on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Piper Sandler lowered their price target on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Oppenheimer increased their price objective on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $87.85.

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Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now owns 3,050 shares in the company, valued at approximately $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,610,886 shares of company stock worth $417,646,356. 6.80% of the stock is currently owned by insiders.

Nutanix Price Performance

Shares of NASDAQ:NTNX traded down $1.68 during trading on Friday, reaching $60.36. The stock had a trading volume of 843,846 shares, compared to its average volume of 2,506,027. The stock has a market capitalization of $16.09 billion, a PE ratio of -172.45, a P/E/G ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The business's 50-day moving average price is $69.81 and its 200 day moving average price is $66.66.

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.