Navellier & Associates Inc. Boosts Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Navellier & Associates Inc. grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,439 shares of the technology company’s stock after buying an additional 2,682 shares during the period. Navellier & Associates Inc.’s holdings in Nutanix were worth $4,921,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NTNX. Larson Financial Group LLC lifted 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 worth $30,000 after purchasing an additional 281 shares in the last quarter. Allworth Financial LP lifted its holdings in Nutanix by 123.1% in 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 in the last quarter. Advisors Asset Management Inc. lifted its holdings in Nutanix by 150.7% in 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 in the last quarter. Principal Securities Inc. lifted its holdings in Nutanix by 52.4% in 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 in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after purchasing an additional 623 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NTNX shares. Morgan Stanley boosted their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler boosted their price target on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays boosted their price target on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Oppenheimer began coverage on Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Nutanix Price Performance

NASDAQ NTNX opened at $69.74 on Friday. The business’s 50 day moving average price is $66.24 and its 200-day moving average price is $63.23. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80.

Insider Activity

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at $37,832,410. This represents a 15.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction on 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 $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 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is currently owned by insiders.

Nutanix Company 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.