Pacer Advisors Inc. increased its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 1,555.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,203 shares of the technology company's stock after acquiring an additional 69,722 shares during the period. Pacer Advisors Inc.'s holdings in Nutanix were worth $4,540,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in Nutanix in the third quarter worth about $27,000. Larson Financial Group LLC raised its stake in shares of 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 acquiring an additional 281 shares in the last quarter. Advisors Asset Management Inc. raised 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 valued at $32,000 after acquiring an additional 321 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock valued at $45,000 after acquiring an additional 623 shares in the last quarter. Finally, Berbice Capital Management LLC bought a new position in Nutanix in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 85.25% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on NTNX. Piper Sandler boosted their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Raymond James cut their price target on shares of Nutanix from $83.00 to $76.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Northland Securities reissued a "market perform" rating and set a $77.00 price objective (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Finally, UBS Group assumed coverage on shares of Nutanix in a research report on Thursday, December 12th. They set a "buy" rating and a $81.00 target price for the company. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and a consensus price target of $78.87.
Check Out Our Latest Stock Analysis on NTNX
Nutanix Stock Up 0.4 %
NASDAQ:NTNX opened at $68.01 on Friday. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The company has a 50 day moving average price of $65.37 and a 200 day moving average price of $60.94.
Insiders Place Their Bets
In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now directly owns 190,882 shares of the company's stock, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,065 shares of company stock worth $5,405,141 in the last ninety days. 6.80% of the stock is owned by corporate insiders.
Nutanix Company Profile
(
Free Report)
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.
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