Aristeia Capital L.L.C. Acquires New Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Aristeia Capital L.L.C. acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 97,700 shares of the technology company’s stock, valued at approximately $5,977,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Investments Inc. boosted its holdings in shares of Nutanix by 2,612.5% in 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 position 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 purchasing an additional 256 shares in the last quarter. Principal Securities Inc. raised its stake in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nutanix in the fourth quarter worth $40,000. Finally, Larson Financial Group LLC raised its position in Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after buying an additional 146 shares during the period. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NTNX shares. UBS Group lifted their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Oppenheimer upped their price target on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a research note on Thursday, February 27th. Piper Sandler decreased their target price on Nutanix from $88.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $87.85.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the transaction, the director now owns 3,050 shares in the company, valued at $232,288. This trade represents a 69.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now directly owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,592 shares of company stock worth $417,628,260 over the last three months. 6.80% of the stock is currently owned by insiders.

Nutanix Stock Up 2.3 %

Shares of Nutanix stock opened at $72.54 on Friday. The business has a 50 day moving average price of $67.81 and a 200-day moving average price of $66.97. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The company has a market cap of $19.34 billion, a PE ratio of -207.26, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

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.