OMERS ADMINISTRATION Corp Purchases New Shares in Nutanix, Inc. (NASDAQ:NTNX)

OMERS ADMINISTRATION Corp acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 22,100 shares of the technology company's stock, valued at approximately $1,352,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NTNX. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Nutanix by 111.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,138 shares of the technology company's stock worth $70,000 after purchasing an additional 600 shares during the last quarter. Burney Co. increased its stake in shares of Nutanix by 18.3% during the fourth quarter. Burney Co. now owns 25,451 shares of the technology company's stock worth $1,557,000 after buying an additional 3,941 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Nutanix during the fourth quarter worth $399,000. Arkadios Wealth Advisors increased its position in shares of Nutanix by 11.5% in the fourth quarter. Arkadios Wealth Advisors now owns 25,874 shares of the technology company's stock valued at $1,583,000 after buying an additional 2,667 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Nutanix in the 4th quarter valued at about $2,238,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Piper Sandler cut their price target on Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price target on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Oppenheimer raised their price target 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. Finally, Raymond James lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $88.23.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 61,057 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 497,309 shares of the company's stock, valued at $39,287,411. This trade represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following 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 5,575,797 shares of company stock worth $415,742,123 over the last three months. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Performance

NTNX traded down $1.65 during midday trading on Tuesday, reaching $81.42. 2,706,294 shares of the company were exchanged, compared to its average volume of 2,560,333. The company has a market cap of $21.71 billion, a price-to-earnings ratio of -232.63, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The company's fifty day moving average price is $69.02 and its 200 day moving average price is $68.17. Nutanix, Inc. has a one year low of $43.35 and a one year high of $83.36.

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.