57,905 Shares in Nutanix, Inc. (NASDAQ:NTNX) Acquired by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,905 shares of the technology company's stock, valued at approximately $4,042,000.

A number of other hedge funds also recently bought and sold shares of NTNX. NorthCrest Asset Manangement LLC bought a new position in shares of Nutanix in the 1st quarter worth $370,000. Tobam grew its stake in Nutanix by 15.3% in the first quarter. Tobam now owns 37,461 shares of the technology company's stock valued at $2,615,000 after purchasing an additional 4,970 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Nutanix by 98.4% in the 1st quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock worth $35,000 after buying an additional 250 shares during the last quarter. Simon Quick Advisors LLC purchased a new stake in Nutanix during the first quarter valued at approximately $486,000. Finally, Assenagon Asset Management S.A. boosted its stake in Nutanix by 69.7% in the first quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock valued at $2,784,000 after acquiring an additional 16,374 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the sale, the director now directly owns 5,480,468 shares in the company, valued at $420,954,747.08. The trade was a 50.00% 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 firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 497,309 shares in the company, 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. In the last three months, insiders have sold 5,556,264 shares of company stock worth $426,904,673. Corporate insiders own 6.80% of the company's stock.

Nutanix Trading Up 0.4%

NASDAQ:NTNX traded up $0.27 during mid-day trading on Monday, reaching $72.40. 4,068,417 shares of the stock were exchanged, compared to its average volume of 2,542,817. The business has a fifty day moving average price of $72.11 and a 200 day moving average price of $69.20. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.36. The firm has a market capitalization of $19.41 billion, a PE ratio of -206.86, a PEG ratio of 11.80 and a beta of 0.69.

Wall Street Analyst Weigh In

A number of research firms recently commented on NTNX. Piper Sandler reiterated an "overweight" rating and issued a $88.00 target price (up from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Barclays set a $94.00 target price on Nutanix and gave the company an "overweight" rating in a research report on Thursday, February 27th. Oppenheimer boosted their price target on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and increased their target price for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Finally, Wells Fargo & Company increased their price target on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and an average price target of $90.38.

About Nutanix

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.