Nisa Investment Advisors LLC Acquires 44,155 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Nisa Investment Advisors LLC boosted its stake in Nutanix, Inc. (NASDAQ:NTNXFree Report) by 321.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,883 shares of the technology company’s stock after acquiring an additional 44,155 shares during the period. Nisa Investment Advisors LLC’s holdings in Nutanix were worth $3,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bain Capital Investors LLC bought a new stake in shares of Nutanix during the 3rd quarter valued at about $998,601,000. Champlain Investment Partners LLC lifted its holdings in Nutanix by 3.7% in the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock worth $354,867,000 after buying an additional 215,363 shares during the period. Geode Capital Management LLC boosted its position in Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after acquiring an additional 22,091 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after acquiring an additional 374,328 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

NASDAQ NTNX opened at $64.69 on Friday. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of -184.83, a PEG ratio of 10.88 and a beta of 1.16. The stock has a 50-day moving average of $65.51 and a 200 day moving average of $60.72. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares of the company’s stock, valued at $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Virginia Gambale sold 6,060 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,065 shares of company stock worth $5,405,141 over the last three months. 6.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NTNX has been the topic of several research reports. Raymond James dropped their price target on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Oppenheimer initiated coverage on shares of Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price on the stock. UBS Group initiated coverage on shares of Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target for the company. Piper Sandler boosted their price objective 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. Finally, StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.87.

View Our Latest Analysis on Nutanix

Nutanix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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