Thornburg Investment Management Inc. Buys 26,232 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Thornburg Investment Management Inc. boosted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 14.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 209,170 shares of the technology company’s stock after buying an additional 26,232 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Nutanix were worth $12,797,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Nutanix by 111.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,138 shares of the technology company’s stock worth $70,000 after purchasing an additional 600 shares during the period. Merit Financial Group LLC purchased a new position in shares of Nutanix during the fourth quarter valued at approximately $399,000. Arkadios Wealth Advisors grew its stake in shares of Nutanix by 11.5% during the fourth quarter. Arkadios Wealth Advisors now owns 25,874 shares of the technology company’s stock valued at $1,583,000 after buying an additional 2,667 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Nutanix in the fourth quarter worth approximately $2,238,000. Finally, Perpetual Ltd bought a new stake in shares of Nutanix during the 4th quarter worth approximately $520,000. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Up 2.6%

Shares of NASDAQ:NTNX opened at $82.77 on Friday. The company has a market capitalization of $22.07 billion, a PE ratio of -236.49, a P/E/G ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $83.14. The business’s fifty day simple moving average is $68.72 and its 200-day simple moving average is $67.98.

Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 61,057 shares of the business’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 sale, the chief executive officer now directly owns 497,309 shares of the company’s stock, valued at $39,287,411. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,575,797 shares of company stock worth $415,742,123. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on NTNX. UBS Group boosted their price objective on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Barclays set a $94.00 price target on shares of Nutanix and gave the stock an “overweight” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Piper Sandler lowered their price objective on shares of 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 raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $87.85.

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.