Nisa Investment Advisors LLC Buys 1,200 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Nisa Investment Advisors LLC boosted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 24.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,100 shares of the technology company’s stock after purchasing an additional 1,200 shares during the period. Nisa Investment Advisors LLC’s holdings in Nutanix were worth $291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Segantii Capital Management Ltd bought a new position in shares of Nutanix during the 3rd quarter valued at $2,672,000. Lisanti Capital Growth LLC purchased a new position in Nutanix in the third quarter worth about $7,135,000. Allspring Global Investments Holdings LLC grew its stake in shares of Nutanix by 641.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 57,174 shares of the technology company’s stock valued at $1,994,000 after purchasing an additional 49,465 shares during the period. Raymond James & Associates increased its position in shares of Nutanix by 306.0% during the 4th quarter. Raymond James & Associates now owns 73,765 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 55,596 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Nutanix by 1,038.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 102,983 shares of the technology company’s stock worth $3,592,000 after purchasing an additional 93,934 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Nutanix stock opened at $59.53 on Friday. Nutanix, Inc. has a 1 year low of $23.34 and a 1 year high of $66.99. The firm’s 50 day moving average price is $61.83 and its 200-day moving average price is $50.38. The stock has a market cap of $14.54 billion, a P/E ratio of -165.36 and a beta of 1.29.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million during the quarter, compared to the consensus estimate of $551.82 million. As a group, equities analysts expect that Nutanix, Inc. will post -0.04 EPS for the current year.

Wall Street Analyst Weigh In

NTNX has been the subject of several recent research reports. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. Susquehanna upped their price objective on Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Wednesday, April 10th. Needham & Company LLC lifted their target price on Nutanix from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Piper Sandler upped their price target on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, William Blair raised Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.17.

Insider Transactions at Nutanix

In related news, Director Steven J. Gomo sold 25,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the transaction, the director now directly owns 3,962 shares of the company’s stock, valued at $254,003.82. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Steven J. Gomo sold 25,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the transaction, the director now directly owns 3,962 shares in the company, valued at approximately $254,003.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $63.04, for a total transaction of $790,836.80. Following the completion of the transaction, the chief operating officer now directly owns 70,192 shares of the company’s stock, valued at $4,424,903.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is currently owned by insiders.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.