Elo Mutual Pension Insurance Co Takes $1.70 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

Elo Mutual Pension Insurance Co bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,842 shares of the technology company’s stock, valued at approximately $1,703,000.

Several other large investors also recently bought and sold shares of the stock. Harbour Investments Inc. increased its stake in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after buying an additional 418 shares during the period. Allworth Financial LP grew its holdings in 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 acquiring an additional 256 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of 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 purchasing an additional 281 shares in the last quarter. Advisors Asset Management Inc. lifted 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. lifted 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. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares in the company, valued at $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the chief executive officer now owns 540,463 shares in the company, valued at $37,832,410. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,610,886 shares of company stock worth $417,646,356. 6.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on NTNX. Needham & Company LLC raised their price target on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Morgan Stanley upped their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Raymond James set a $83.00 price objective on shares of Nutanix in a research report on Thursday, February 27th. Finally, Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and increased their target price for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $87.79.

Nutanix Stock Down 1.3 %

Shares of NTNX stock opened at $71.02 on Friday. The stock’s 50-day moving average price is $70.38 and its 200 day moving average price is $66.38. The stock has a market capitalization of $18.94 billion, a PE ratio of -202.91, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.

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.