Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 20.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,247 shares of the technology company’s stock after purchasing an additional 3,888 shares during the period. Natixis Advisors LLC’s holdings in Nutanix were worth $1,422,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NTNX. Allworth Financial LP boosted its holdings in Nutanix by 123.1% in the fourth 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 last quarter. Larson Financial Group LLC boosted its stake in shares of Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after buying an additional 321 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after buying an additional 199 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Nutanix in the fourth quarter valued at $40,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Trading Down 0.1 %

Shares of NASDAQ:NTNX opened at $74.92 on Wednesday. The firm’s 50 day moving average is $70.01 and its two-hundred day moving average is $66.17. The firm has a market capitalization of $19.98 billion, a P/E ratio of -214.06, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

Analyst Ratings Changes

Several research firms have recently weighed in on NTNX. Wells Fargo & Company boosted their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Needham & Company LLC upped their price target on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Piper Sandler lifted their price objective on shares of Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, UBS Group raised their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $87.79.

Insider Buying and Selling

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the 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 transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. 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 three months. 6.80% of the stock is currently owned by corporate insiders.

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.