Cibc World Markets Corp Invests $698,000 in Nutanix, Inc. (NASDAQ:NTNX)

Cibc World Markets Corp acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,402 shares of the technology company’s stock, valued at approximately $698,000.

A number of other hedge funds have also modified their holdings of the business. Larson Financial Group LLC increased its stake in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after purchasing an additional 146 shares in the last quarter. Freedom Investment Management Inc. boosted its position in Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after acquiring an additional 151 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after acquiring an additional 188 shares during the last quarter. Principal Securities Inc. boosted its position in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after acquiring an additional 199 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now owns 3,050 shares of the company’s stock, valued at $232,288. The trade was a 69.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,609,206 shares of company stock worth $417,458,120. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Piper Sandler raised their target price on shares of Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Oppenheimer raised their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Raymond James set a $83.00 price target on shares of Nutanix in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $87.79.

Nutanix Trading Up 0.7 %

NASDAQ:NTNX opened at $73.04 on Friday. The firm has a market capitalization of $19.48 billion, a price-to-earnings ratio of -208.69, a PEG ratio of 11.80 and a beta of 1.04. The firm’s fifty day simple moving average is $69.52 and its 200 day simple moving average is $65.96. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

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.