Aviva PLC Invests $8.71 Million in Nutanix, Inc. (NASDAQ:NTNX)

Aviva PLC bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 142,321 shares of the technology company's stock, valued at approximately $8,707,000. Aviva PLC owned about 0.05% of Nutanix as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of NTNX. Charles Schwab Investment Management Inc. grew its position in shares of Nutanix by 2.4% during 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 purchasing an additional 33,980 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Nutanix by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock valued at $453,000 after buying an additional 375 shares in the last quarter. Pacer Advisors Inc. increased its stake in Nutanix by 1,555.9% in the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company's stock worth $4,540,000 after acquiring an additional 69,722 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Nutanix during the 4th quarter worth approximately $299,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of Nutanix by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock worth $593,000 after acquiring an additional 325 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the sale, the chief executive officer now owns 540,463 shares of the company's stock, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $533,120.00. Following the completion of the transaction, the director now owns 3,050 shares of the company's stock, valued at $232,288. This represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Up 4.2 %

Shares of NTNX stock traded up $2.50 on Monday, hitting $61.80. The stock had a trading volume of 576,094 shares, compared to its average volume of 2,505,306. The business has a 50 day moving average price of $69.57 and a 200 day moving average price of $66.68. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The company has a market cap of $16.48 billion, a PE ratio of -176.57, a P/E/G ratio of 11.80 and a beta of 0.84.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Oppenheimer lifted their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Piper Sandler cut their target price on Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average 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.