6,791 Shares in Nutanix, Inc. (NASDAQ:NTNX) Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. acquired a new position in Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,791 shares of the technology company’s stock, valued at approximately $415,000.

Several other hedge funds have also bought and sold shares of the stock. Vinva Investment Management Ltd boosted its position in Nutanix by 4,777.2% in the 4th quarter. Vinva Investment Management Ltd now owns 128,562 shares of the technology company’s stock worth $7,943,000 after purchasing an additional 125,926 shares in the last quarter. Xponance Inc. boosted its position in Nutanix by 112.4% in the 4th quarter. Xponance Inc. now owns 32,604 shares of the technology company’s stock worth $1,995,000 after purchasing an additional 17,252 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its position in Nutanix by 32.2% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 5,953 shares of the technology company’s stock worth $364,000 after purchasing an additional 1,450 shares in the last quarter. Cibc World Markets Corp purchased a new stake in Nutanix in the 4th quarter worth approximately $698,000. Finally, Harbour Investments Inc. boosted its position in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Activity at Nutanix

In other Nutanix news, 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 value of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value 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 $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,609,206 shares of company stock valued at $417,458,120. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on NTNX. Oppenheimer upped their price objective on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Piper Sandler upped their price objective on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Raymond James set a $83.00 target price on Nutanix in a research report on Thursday, February 27th. Wells Fargo & Company increased their target price on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report 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 equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nutanix presently has a consensus rating of “Buy” and a consensus price target of $87.79.

Nutanix Stock Performance

NASDAQ NTNX opened at $73.04 on Friday. The business has a fifty day moving average price of $69.52 and a 200 day moving average price of $65.96. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The company has a market cap of $19.48 billion, a P/E ratio of -208.69, a P/E/G 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.