Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 65.0% during the 4th quarter, Holdings Channel reports. The fund owned 11,532 shares of the technology company’s stock after purchasing an additional 4,544 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Nutanix were worth $706,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Nutanix by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock valued at $88,271,000 after acquiring an additional 33,980 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Nutanix by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock valued at $453,000 after acquiring an additional 375 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Nutanix by 1,555.9% in the fourth quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company’s stock valued at $4,540,000 after acquiring an additional 69,722 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Nutanix in the fourth quarter valued at $299,000. Finally, Sanctuary Advisors LLC raised its stake in shares of Nutanix by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company’s stock valued at $593,000 after acquiring an additional 325 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NTNX shares. Wells Fargo & Company increased their price objective on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Oppenheimer lifted their price target on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Piper Sandler decreased their price target on Nutanix from $88.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Raymond James set a $83.00 price target on shares of Nutanix in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $87.85.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of the business’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 transaction, the director now owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,514,740 shares of company stock worth $410,918,620 in the last quarter. Company insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

NTNX opened at $75.10 on Monday. The business’s 50-day simple moving average is $67.62 and its 200-day simple moving average is $67.41. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The stock has a market capitalization of $20.03 billion, a P/E ratio of -214.57, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

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.