Tobam Has $2.62 Million Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Tobam increased its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 15.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,461 shares of the technology company's stock after purchasing an additional 4,970 shares during the period. Tobam's holdings in Nutanix were worth $2,615,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NTNX. Yousif Capital Management LLC bought a new position in Nutanix in the 4th quarter worth approximately $201,000. Mirae Asset Global Investments Co. Ltd. raised its position in Nutanix by 73.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,679 shares of the technology company's stock worth $104,000 after purchasing an additional 711 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in Nutanix in the 4th quarter worth approximately $5,572,000. New York State Teachers Retirement System bought a new position in Nutanix in the 4th quarter worth approximately $908,000. Finally, Rhumbline Advisers raised its position in Nutanix by 15.2% in the 4th quarter. Rhumbline Advisers now owns 626,894 shares of the technology company's stock worth $38,353,000 after purchasing an additional 82,484 shares during the last quarter. Institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NTNX shares. Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Piper Sandler reaffirmed an "overweight" rating and issued a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Oppenheimer upped their target price on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wall Street Zen cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Barclays set a $94.00 target price on shares of Nutanix and gave the company an "overweight" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and an average target price of $90.38.

Nutanix Stock Down 2.0%

Shares of NTNX traded down $1.47 during trading hours on Friday, reaching $72.13. The stock had a trading volume of 2,263,179 shares, compared to its average volume of 2,536,689. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $83.36. The firm has a 50-day moving average of $72.11 and a 200 day moving average of $69.18. The company has a market cap of $19.23 billion, a P/E ratio of -206.09, a P/E/G ratio of 11.80 and a beta of 0.69.

Insider Activity at Nutanix

In related news, Director Groen Max Pieter De sold 5,480,467 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the transaction, the director now directly owns 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Virginia Gambale sold 7,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the transaction, the director now directly owns 38,330 shares of the company's stock, valued at approximately $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,556,264 shares of company stock worth $426,904,673 in the last quarter. Corporate insiders own 6.80% of the company's stock.

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.