CANADA LIFE ASSURANCE Co Acquires 62,189 Shares of Nutanix, Inc. (NASDAQ:NTNX)

CANADA LIFE ASSURANCE Co raised its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 79.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,322 shares of the technology company's stock after buying an additional 62,189 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.05% of Nutanix worth $8,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NTNX. Harbour Investments Inc. increased its stake in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after acquiring an additional 418 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. increased its position in shares of Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Nutanix during the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC lifted its position in Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Trading Up 2.2 %

Shares of NTNX stock traded up $1.42 during trading hours on Friday, reaching $67.16. The company's stock had a trading volume of 1,933,013 shares, compared to its average volume of 2,523,797. The stock has a market capitalization of $17.91 billion, a P/E ratio of -191.89, a P/E/G ratio of 11.80 and a beta of 0.84. The firm's fifty day simple moving average is $67.82 and its 200 day simple moving average is $66.82. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99.

Analysts Set New Price Targets

NTNX has been the topic of a number of recent research reports. StockNews.com cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Royal Bank of Canada lifted their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Raymond James set a $83.00 price target on shares of Nutanix in a research report on Thursday, February 27th. UBS Group lifted their price objective on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $87.85.

Insider Activity at Nutanix

In other news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now owns 3,050 shares of the company's stock, valued at approximately $232,288. The trade was a 69.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the 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 completion of the transaction, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,592 shares of company stock worth $417,628,260 over the last quarter. Corporate insiders own 6.80% of the company's stock.

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.