Perpetual Ltd Buys New Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Perpetual Ltd purchased a new position in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,500 shares of the technology company’s stock, valued at approximately $520,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NTNX. Freedom Investment Management Inc. grew its stake in Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after acquiring an additional 151 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Nutanix by 3.4% during the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after purchasing an additional 233 shares in the last quarter. Paragon Capital Management Inc. increased its holdings in shares of Nutanix by 1.0% in the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after purchasing an additional 258 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after buying an additional 281 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after buying an additional 321 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. The trade was a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,065 shares of company stock worth $5,405,141. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NTNX. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, January 17th. Morgan Stanley lifted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Piper Sandler upped their target price on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Raymond James dropped their price target on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Needham & Company LLC upped their price objective on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.87.

Nutanix Price Performance

Shares of NTNX stock opened at $66.44 on Thursday. The company has a market capitalization of $17.80 billion, a P/E ratio of -189.83, a P/E/G ratio of 10.66 and a beta of 1.16. The company’s 50-day simple moving average is $65.84 and its two-hundred day simple moving average is $60.62. Nutanix, Inc. has a one year low of $43.35 and a one year 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.