Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 4,153.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,500 shares of the technology company’s stock after acquiring an additional 21,971 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Nutanix were worth $1,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NTNX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Nutanix in the second quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new stake in Nutanix during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC boosted its position in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Nutanix in the second quarter worth $32,000. Finally, Advisors Asset Management Inc. increased its position in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after acquiring an additional 321 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO David Sangster sold 11,950 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This represents a 8.80 % 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, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NTNX has been the subject of a number of recent research reports. Barclays lifted their target price on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Raymond James lifted their price objective on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Oppenheimer assumed coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Royal Bank of Canada increased their price objective on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.86.

Nutanix Stock Performance

Shares of NTNX stock opened at $65.28 on Monday. Nutanix, Inc. has a 1 year low of $42.22 and a 1 year high of $75.80. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of -186.51, a PEG ratio of 10.80 and a beta of 1.17. The stock’s 50-day moving average is $64.88 and its two-hundred day moving average is $59.33.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.