O Shaughnessy Asset Management LLC Has $282,000 Holdings in Nutanix, Inc. (NASDAQ:NTNX)

O Shaughnessy Asset Management LLC increased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,602 shares of the technology company’s stock after purchasing an additional 249 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Nutanix were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Harbour Investments Inc. lifted its position in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after acquiring an additional 418 shares during the last quarter. Allworth Financial LP boosted its stake in 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 purchasing an additional 256 shares during the period. Principal Securities Inc. grew its holdings in Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix in the 4th quarter worth approximately $40,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after buying an additional 146 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares of the company’s stock, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,610,886 shares of company stock valued at $417,646,356 in the last ninety days. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Piper Sandler cut their target price on shares of Nutanix from $88.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada increased their target price on shares of Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. UBS Group boosted their price target on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a 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 investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $87.85.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $59.30 on Friday. The business has a fifty day moving average of $69.57 and a two-hundred day moving average of $66.64. 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 $15.81 billion, a PE ratio of -169.43, a PEG ratio of 11.80 and a beta of 0.84.

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.