UniSuper Management Pty Ltd Buys New Position in Nutanix, Inc. (NASDAQ:NTNX)

UniSuper Management Pty Ltd bought a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,800 shares of the technology company's stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Harbour Investments Inc. increased its stake in 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 acquiring an additional 418 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after purchasing an additional 256 shares during the period. Principal Securities Inc. increased its position in shares of Nutanix by 52.4% during 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 last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nutanix during the 4th quarter valued at $40,000. Finally, Larson Financial Group LLC raised its holdings in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after buying an additional 146 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NTNX has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. UBS Group upped their price target on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Piper Sandler increased their price objective on shares of Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Morgan Stanley boosted their target price on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company increased their price target on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Nutanix has an average rating of "Buy" and an average target price of $87.79.

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Insider Activity

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. The trade was 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 corporate insiders.

Nutanix Stock Down 9.7 %

NASDAQ:NTNX traded down $6.28 during mid-day trading on Friday, reaching $58.50. The company's stock had a trading volume of 4,450,783 shares, compared to its average volume of 2,489,955. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The stock has a fifty day moving average of $70.53 and a 200-day moving average of $66.64. The firm has a market capitalization of $15.60 billion, a PE ratio of -167.14, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

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.