Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Ieq Capital LLC

Ieq Capital LLC increased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 448.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,605 shares of the technology company’s stock after acquiring an additional 94,531 shares during the period. Ieq Capital LLC’s holdings in Nutanix were worth $7,073,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bryn Mawr Capital Management LLC raised its stake in Nutanix by 18.8% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 8,670 shares of the technology company’s stock worth $530,000 after purchasing an additional 1,370 shares during the period. Alberta Investment Management Corp acquired a new stake in shares of Nutanix during the 4th quarter worth $4,038,000. Convergence Investment Partners LLC raised its position in shares of Nutanix by 70.4% in the 4th quarter. Convergence Investment Partners LLC now owns 45,732 shares of the technology company’s stock worth $2,798,000 after buying an additional 18,896 shares during the period. Kestra Investment Management LLC boosted its holdings in Nutanix by 59.3% in the fourth quarter. Kestra Investment Management LLC now owns 7,896 shares of the technology company’s stock valued at $483,000 after acquiring an additional 2,938 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Nutanix by 97.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,591 shares of the technology company’s stock valued at $97,000 after acquiring an additional 785 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NTNX. UBS Group began coverage on Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective on the stock. Morgan Stanley raised their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday. Piper Sandler raised their target price on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer began coverage on shares of Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Nutanix Stock Up 0.0 %

Shares of NASDAQ NTNX opened at $72.09 on Friday. The business has a 50 day moving average price of $66.17 and a two-hundred day moving average price of $63.17. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The firm has a market cap of $19.32 billion, a PE ratio of -205.97, a price-to-earnings-growth ratio of 11.82 and a beta of 1.17.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction dated Monday, December 23rd. The stock was 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 owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is currently owned by corporate insiders.

Nutanix 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.