UniSuper Management Pty Ltd Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

UniSuper Management Pty Ltd acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,800 shares of the technology company’s stock, valued at approximately $294,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. boosted its position in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after acquiring an additional 418 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. boosted its position in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nutanix in the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC grew its position in shares of Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Down 1.7 %

NASDAQ:NTNX opened at $69.81 on Tuesday. The firm has a fifty day simple moving average of $70.47 and a two-hundred day simple moving average of $66.49. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of -199.46, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99.

Analyst Upgrades and Downgrades

Several research firms recently commented on NTNX. Morgan Stanley upped their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Royal Bank of Canada lifted their price target on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Piper Sandler raised their price target on shares of Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $87.79.

Insider Buying and Selling

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares in the company, valued at approximately $41,877,450. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is owned by company insiders.

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.