Pacer Advisors Inc. Has $4.54 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

Pacer Advisors Inc. raised its stake in Nutanix, Inc. (NASDAQ:NTNX) by 1,555.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 74,203 shares of the technology company’s stock after buying an additional 69,722 shares during the quarter. Pacer Advisors Inc.’s holdings in Nutanix were worth $4,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. ORG Wealth Partners LLC acquired a new position in Nutanix in the third quarter valued at about $27,000. Larson Financial Group LLC increased its holdings in Nutanix by 122.7% in 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 period. Advisors Asset Management Inc. raised its position in shares of Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after buying an additional 321 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares during the period. Finally, Berbice Capital Management LLC acquired a new stake in shares of Nutanix during the 4th quarter worth approximately $49,000. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on NTNX shares. Morgan Stanley boosted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Needham & Company LLC upped their price objective on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Piper Sandler lifted their target price on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Northland Securities reissued a “market perform” rating and issued a $77.00 target price (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Finally, UBS Group began coverage on shares of Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.87.

Insider Activity at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the business’s 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 transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. The trade was a 11.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the sale, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at $12,718,467.66. This represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,065 shares of company stock worth $5,405,141 over the last ninety days. Insiders own 6.80% of the company’s stock.

Nutanix Trading Up 0.4 %

NASDAQ NTNX opened at $68.01 on Friday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80. The firm has a market capitalization of $18.22 billion, a PE ratio of -194.31, a price-to-earnings-growth ratio of 10.88 and a beta of 1.16. The business’s 50-day moving average price is $65.37 and its two-hundred day moving average price is $60.94.

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.