Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Nutanix, Inc. (NASDAQ:NTNX)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 4,153.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,500 shares of the technology company’s stock after purchasing an additional 21,971 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Nutanix were worth $1,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Nutanix in the second quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new stake in Nutanix in the 3rd quarter valued at $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 worth $30,000 after acquiring an additional 281 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Nutanix during the second quarter worth $32,000. Finally, Advisors Asset Management Inc. lifted its holdings in Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 2.1 %

Nutanix stock opened at $65.28 on Monday. The company has a 50-day moving average price of $64.88 and a 200 day moving average price of $59.33. Nutanix, Inc. has a 12-month low of $42.22 and a 12-month high of $75.80. The stock has a market cap of $17.31 billion, a P/E ratio of -186.51, a PEG ratio of 10.80 and a beta of 1.17.

Insider Activity

In related news, COO David Sangster sold 11,950 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. The trade was a 8.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NTNX shares. Oppenheimer began coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price for the company. Raymond James increased their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. raised their target price on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Royal Bank of Canada boosted their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Bank of America increased their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.86.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.