Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 70.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,732 shares of the technology company’s stock after purchasing an additional 18,896 shares during the period. Convergence Investment Partners LLC’s holdings in Nutanix were worth $2,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Larson Financial Group LLC raised its holdings in shares of Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after acquiring an additional 281 shares during the period. Allworth Financial LP raised its holdings in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of 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 acquiring an additional 321 shares during the period. Principal Securities Inc. raised its holdings in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after acquiring an additional 623 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Performance

Shares of NTNX opened at $72.20 on Wednesday. The company’s fifty day moving average is $65.87 and its 200-day moving average is $62.93. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley upped their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their price objective on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Piper Sandler upped their price objective on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Barclays upped their price objective on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the sale, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the sale, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,917 shares of company stock worth $12,114,781 in the last 90 days. 6.80% of the stock is owned by insiders.

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.