Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC raised its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 448.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,605 shares of the technology company's stock after buying an additional 94,531 shares during the quarter. Ieq Capital LLC's holdings in Nutanix were worth $7,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Planning increased its position in Nutanix by 26.5% during the third quarter. Creative Planning now owns 13,862 shares of the technology company's stock worth $821,000 after purchasing an additional 2,907 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Nutanix by 782.7% in the 3rd quarter. Blue Trust Inc. now owns 2,039 shares of the technology company's stock valued at $116,000 after buying an additional 1,808 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Nutanix by 101.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company's stock worth $2,486,000 after buying an additional 21,086 shares during the last quarter. Signaturefd LLC raised its position in shares of Nutanix by 57.8% during the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company's stock valued at $57,000 after buying an additional 350 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Nutanix by 5,859.5% in the third quarter. International Assets Investment Management LLC now owns 81,884 shares of the technology company's stock valued at $4,852,000 after acquiring an additional 80,510 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NTNX has been the subject of several recent analyst reports. Barclays raised their target price on 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 report on Friday. UBS Group assumed coverage on shares of Nutanix in a research note on Thursday, December 12th. They set a "buy" rating and a $81.00 target price for the company. Oppenheimer began coverage on shares of Nutanix in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 price target on the stock. Finally, Piper Sandler increased their price objective 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $79.50.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares of the company's stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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 Trading Down 3.3 %

NASDAQ:NTNX traded down $2.35 during midday trading on Friday, reaching $69.74. The company had a trading volume of 1,687,100 shares, compared to its average volume of 1,807,464. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of -199.26, a PEG ratio of 11.80 and a beta of 1.17. The stock's fifty day simple moving average is $66.24 and its 200-day simple moving average is $63.23.

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.