Vinva Investment Management Ltd Acquires 125,926 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Vinva Investment Management Ltd increased its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 4,777.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,562 shares of the technology company's stock after purchasing an additional 125,926 shares during the period. Vinva Investment Management Ltd's holdings in Nutanix were worth $7,943,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bain Capital Investors LLC purchased a new stake in Nutanix in the third quarter valued at approximately $998,601,000. Champlain Investment Partners LLC boosted its stake in shares of Nutanix by 3.7% in the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock valued at $354,867,000 after purchasing an additional 215,363 shares during the period. Geode Capital Management LLC grew its stake in shares of Nutanix by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock valued at $245,968,000 after acquiring an additional 22,091 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock valued at $166,886,000 after purchasing an additional 374,328 shares in the last quarter. Finally, Two Sigma Advisers LP grew its holdings in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock worth $166,730,000 after acquiring an additional 695,567 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research analysts have recently commented on the company. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. UBS Group raised their price target on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. Piper Sandler increased their price target on Nutanix from $83.00 to $88.00 and gave the company an "overweight" 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 report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Nutanix has a consensus rating of "Buy" and an average target price of $87.79.

Nutanix Price Performance

Shares of Nutanix stock traded up $0.54 during midday trading on Friday, hitting $73.04. The company had a trading volume of 3,503,372 shares, compared to its average volume of 2,436,826. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The business's 50 day simple moving average is $69.52 and its two-hundred day simple moving average is $65.96. The stock has a market cap of $19.48 billion, a PE ratio of -208.69, a P/E/G ratio of 11.80 and a beta of 1.04.

Insider Buying and Selling at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now owns 45,330 shares of the company's stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares of the company's stock, 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. Insiders sold a total of 5,609,206 shares of company stock valued at $417,458,120 in the last ninety days. Company insiders own 6.80% of the company's stock.

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.