Navellier & Associates Inc. Raises Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Navellier & Associates Inc. grew its position in Nutanix, Inc. (NASDAQ:NTNX) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,439 shares of the technology company’s stock after buying an additional 2,682 shares during the quarter. Navellier & Associates Inc.’s holdings in Nutanix were worth $4,921,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NTNX. Bain Capital Investors LLC purchased a new stake in shares of Nutanix in the 3rd quarter worth $998,601,000. Two Sigma Advisers LP lifted its holdings in shares of Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after buying an additional 695,567 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Nutanix by 5,473.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after buying an additional 470,717 shares during the period. Stephens Investment Management Group LLC lifted its holdings in shares of Nutanix by 235.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock worth $33,313,000 after buying an additional 382,232 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after buying an additional 374,328 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Down 3.3 %

Shares of NASDAQ:NTNX opened at $69.74 on Friday. The business’s 50-day moving average is $66.24 and its 200 day moving average is $63.23. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NTNX shares. Piper Sandler upped their price objective on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Raymond James decreased their price objective on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday. Needham & Company LLC upped their price objective on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, UBS Group started coverage on Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective for the company. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Insider Activity

In other news, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the transaction, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the transaction, the chief financial officer now directly owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 177,917 shares of company stock valued at $12,114,781. Company 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.