6,791 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. 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 SEC. The firm acquired 6,791 shares of the technology company’s stock, valued at approximately $415,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbour Investments Inc. increased its position in shares of Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares during the last quarter. Larson Financial Group LLC increased its position 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 worth $30,000 after purchasing an additional 281 shares during the last quarter. Allworth Financial LP increased its position in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NTNX shares. UBS Group raised their target price on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Raymond James set a $83.00 target price on Nutanix in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $87.79.

Insider Buying and Selling

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,609,206 shares of company stock worth $417,458,120 over the last 90 days. 6.80% of the stock is owned by insiders.

Nutanix Stock Performance

Shares of NTNX opened at $73.04 on Friday. The stock has a 50-day simple moving average of $69.52 and a 200-day simple moving average of $65.96. The stock has a market capitalization of $19.48 billion, a PE ratio of -208.69, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year 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.