Groupama Asset Managment Increases Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Groupama Asset Managment increased its position in Nutanix, Inc. (NASDAQ:NTNX) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 707,000 shares of the technology company’s stock after acquiring an additional 7,000 shares during the period. Nutanix comprises approximately 0.8% of Groupama Asset Managment’s holdings, making the stock its 27th largest position. Groupama Asset Managment’s holdings in Nutanix were worth $41,890,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in Nutanix in the 3rd quarter worth approximately $27,000. Larson Financial Group LLC raised its holdings in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Nutanix in the 2nd quarter worth approximately $32,000. Advisors Asset Management Inc. raised its holdings in Nutanix by 150.7% in the 3rd 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 last quarter. Finally, Signaturefd LLC raised its holdings in Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after acquiring an additional 350 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NTNX shares. Needham & Company LLC boosted their target price on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. Oppenheimer started coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price for the company. Raymond James boosted their target price on shares of Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley boosted their target price on shares of Nutanix from $72.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.86.

Nutanix Stock Performance

NASDAQ:NTNX opened at $67.77 on Monday. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The business has a fifty day moving average price of $65.54 and a 200-day moving average price of $59.19.

Insider Buying and Selling

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO David Sangster sold 11,950 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

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.