7,000 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,000 shares of the technology company's stock, valued at approximately $428,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock valued at $1,568,447,000 after purchasing an additional 146,854 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Nutanix by 6.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock worth $270,348,000 after buying an additional 268,400 shares during the period. Geode Capital Management LLC increased its stake in shares of Nutanix by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock worth $263,275,000 after acquiring an additional 163,874 shares in the last quarter. First Trust Advisors LP lifted its position in Nutanix by 9.3% during the 4th quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock valued at $214,055,000 after acquiring an additional 297,754 shares during the period. Finally, Norges Bank purchased a new stake in shares of Nutanix in the 4th quarter worth approximately $195,758,000. Institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 61,057 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the completion of the transaction, the chief executive officer now directly owns 497,309 shares of the company's stock, valued at approximately $39,287,411. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred on 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 5,575,797 shares of company stock valued at $415,742,123 over the last 90 days. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NTNX. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Piper Sandler decreased their price target on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company increased their price objective on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. UBS Group upped their target price on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nutanix has an average rating of "Buy" and an average target price of $87.85.

Nutanix Trading Up 2.6%

Nutanix stock traded up $2.11 during mid-day trading on Friday, hitting $82.77. The stock had a trading volume of 3,398,743 shares, compared to its average volume of 2,559,362. The firm's 50 day moving average is $68.39 and its 200 day moving average is $67.83. The firm has a market capitalization of $22.07 billion, a P/E ratio of -236.49, a P/E/G ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a one year low of $43.35 and a one year high of $83.14.

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.