Caisse DE Depot ET Placement DU Quebec Makes New $3.40 Million Investment in Nutanix, Inc. (NASDAQ:NTNX)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 55,505 shares of the technology company's stock, valued at approximately $3,396,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NTNX. Raymond James set a $83.00 target price on shares of Nutanix in a research note on Thursday, February 27th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Barclays set a $94.00 price target on Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their target price 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. Finally, Needham & Company LLC upped their price target on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $87.85.

Insider Transactions at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,514,740 shares of company stock valued at $410,918,620 in the last quarter. Insiders own 6.80% of the company's stock.

Nutanix Trading Up 0.9 %

Nutanix stock traded up $0.68 during midday trading on Friday, reaching $75.10. 1,297,542 shares of the stock traded hands, compared to its average volume of 2,519,545. The firm has a fifty day moving average price of $67.66 and a two-hundred day moving average price of $67.23. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The firm has a market cap of $20.03 billion, a price-to-earnings ratio of -214.57, a PEG 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.