Pacer Advisors Inc. Purchases 69,722 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Pacer Advisors Inc. lifted its position in Nutanix, Inc. (NASDAQ:NTNX) by 1,555.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,203 shares of the technology company’s stock after buying an additional 69,722 shares during the period. Pacer Advisors Inc.’s holdings in Nutanix were worth $4,540,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Creative Planning lifted its stake in Nutanix by 45.8% in the second quarter. Creative Planning now owns 10,955 shares of the technology company’s stock valued at $623,000 after buying an additional 3,440 shares in the last quarter. Paragon Capital Management Inc. acquired a new stake in shares of Nutanix during the second quarter worth $1,468,000. Handelsbanken Fonder AB lifted its position in Nutanix by 12.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 58,300 shares of the technology company’s stock valued at $3,454,000 after acquiring an additional 6,500 shares in the last quarter. GAMMA Investing LLC boosted its stake in Nutanix by 45.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,359 shares of the technology company’s stock worth $81,000 after purchasing an additional 426 shares during the period. Finally, Diversified Trust Co increased its holdings in Nutanix by 9.1% during the 3rd quarter. Diversified Trust Co now owns 40,020 shares of the technology company’s stock worth $2,371,000 after purchasing an additional 3,354 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NTNX. Morgan Stanley upped their price objective on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Piper Sandler raised their price target on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Needham & Company LLC boosted their price objective on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 25th. Finally, Raymond James cut their price target on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.87.

Insider Buying and Selling at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the sale, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the transaction, the chief financial officer now directly owns 190,882 shares in the company, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,065 shares of company stock worth $5,405,141 over the last ninety days. Insiders own 6.80% of the company’s stock.

Nutanix Trading Up 0.4 %

NTNX opened at $68.01 on Friday. The stock’s fifty day simple moving average is $65.37 and its 200 day simple moving average is $60.94. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The stock has a market cap of $18.22 billion, a PE ratio of -194.31, a price-to-earnings-growth ratio of 10.88 and a beta of 1.16.

About Nutanix

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.