Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Ethic Inc.

Ethic Inc. raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,986 shares of the technology company’s stock after purchasing an additional 1,444 shares during the quarter. Ethic Inc.’s holdings in Nutanix were worth $733,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC grew its stake in shares of Nutanix by 9.4% in the fourth quarter. Driehaus Capital Management LLC now owns 902,630 shares of the technology company’s stock valued at $55,223,000 after buying an additional 77,327 shares in the last quarter. Colonial Trust Co SC acquired a new position in Nutanix during the 4th quarter worth about $28,000. Contour Asset Management LLC purchased a new position in Nutanix during the 4th quarter valued at about $87,318,000. Cetera Investment Advisers grew its position in Nutanix by 1.9% in the 4th quarter. Cetera Investment Advisers now owns 62,962 shares of the technology company’s stock valued at $3,852,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Centiva Capital LP grew its position in Nutanix by 17.8% in the 4th quarter. Centiva Capital LP now owns 6,201 shares of the technology company’s stock valued at $379,000 after acquiring an additional 936 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTNX has been the topic of several research reports. Oppenheimer increased their price target on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Piper Sandler cut their target price on shares of Nutanix from $88.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. UBS Group boosted their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $87.85.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 61,057 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the completion of the transaction, the chief executive officer now owns 497,309 shares of the company’s stock, valued at approximately $39,287,411. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,575,797 shares of company stock valued at $415,742,123 in the last ninety days. Insiders own 6.80% of the company’s stock.

Nutanix Price Performance

NASDAQ:NTNX opened at $81.83 on Thursday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $83.14. The firm has a market capitalization of $21.82 billion, a PE ratio of -233.80, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The business’s fifty day moving average price is $68.07 and its 200 day moving average price is $67.72.

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.