The Manufacturers Life Insurance Company Purchases 27,502 Shares of Nutanix, Inc. (NASDAQ:NTNX)

The Manufacturers Life Insurance Company raised its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 150.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,765 shares of the technology company's stock after acquiring an additional 27,502 shares during the period. The Manufacturers Life Insurance Company's holdings in Nutanix were worth $2,712,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. ORG Wealth Partners LLC bought a new position in shares of 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 last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Nutanix during the second quarter valued at about $32,000. Advisors Asset Management Inc. grew its holdings 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 during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Nutanix by 57.8% during the third quarter. Signaturefd LLC now owns 956 shares of the technology company's stock worth $57,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Transactions at Nutanix

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

Nutanix Stock Down 3.6 %

NASDAQ NTNX traded down $2.45 on Monday, hitting $65.32. 1,967,500 shares of the company were exchanged, compared to its average volume of 2,578,559. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80. The stock has a fifty day moving average of $65.54 and a 200-day moving average of $59.19.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Raymond James lifted their target price on shares of Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Northland Securities reissued a "market perform" rating and issued a $77.00 price objective (up previously from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Wells Fargo & Company raised their target price on Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Bank of America upped their price target on Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Finally, StockNews.com upgraded Nutanix from a "buy" rating to a "strong-buy" rating in a research report on Thursday, November 28th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and a consensus target price of $78.86.

Nutanix 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.