Vestcor Inc acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,971 shares of the technology company's stock, valued at approximately $304,000.
Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position 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 buying an additional 281 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of 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 acquiring an additional 256 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after acquiring an additional 321 shares during the period. Principal Securities Inc. raised its holdings in shares of Nutanix by 52.4% during the fourth 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. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix during the fourth quarter valued at approximately $40,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.
Nutanix Stock Up 0.7 %
NTNX traded up $0.54 during trading on Friday, reaching $73.04. The company had a trading volume of 3,503,171 shares, compared to its average volume of 2,443,706. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The stock has a market cap of $19.48 billion, a P/E ratio of -208.69, a PEG ratio of 11.80 and a beta of 1.04. The business has a 50 day simple moving average of $69.30 and a 200-day simple moving average of $65.86.
Analyst Ratings Changes
NTNX has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Piper Sandler upped their price target on shares of Nutanix from $83.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Needham & Company LLC upped their target price on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company upped their price objective on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $87.79.
Read Our Latest Stock Report on Nutanix
Insider Transactions at Nutanix
In related news, CEO Rajiv Ramaswami sold 95,852 shares of the firm's stock in a transaction that occurred 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 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 trade represents a 15.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the transaction, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,609,206 shares of company stock worth $417,458,120. 6.80% of the stock is currently owned by insiders.
Nutanix 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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