Tobam Reduces Position in Nutanix, Inc. (NASDAQ:NTNX)

Tobam decreased its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 65.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,491 shares of the technology company’s stock after selling 62,302 shares during the period. Tobam’s holdings in Nutanix were worth $1,988,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NTNX. Bain Capital Investors LLC purchased a new position in Nutanix in the 3rd quarter valued at approximately $998,601,000. Two Sigma Advisers LP boosted its holdings in shares of Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Nutanix by 5,473.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock valued at $29,325,000 after purchasing an additional 470,717 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after purchasing an additional 374,328 shares during the period. Finally, Parsifal Capital Management LP lifted its holdings in Nutanix by 28.1% during the 3rd quarter. Parsifal Capital Management LP now owns 1,075,776 shares of the technology company’s stock worth $63,740,000 after purchasing an additional 235,966 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares of the company’s stock, valued at $42,738,888.90. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 177,917 shares of company stock worth $12,114,781 over the last three months. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

NTNX has been the topic of a number of recent analyst reports. UBS Group initiated coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target on the stock. Piper Sandler increased their target price on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Oppenheimer initiated coverage on shares of Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target for the company. Morgan Stanley increased their price objective on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, Northland Securities restated a “market perform” rating and set a $77.00 target price (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Nutanix Stock Down 1.0 %

NTNX stock opened at $70.85 on Friday. The firm’s fifty day moving average is $65.21 and its 200 day moving average is $61.65. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80.

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.