8,264 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by Metis Global Partners LLC

Metis Global Partners LLC bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 8,264 shares of the technology company’s stock, valued at approximately $506,000.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in Nutanix by 122.7% during the third 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 period. Allworth Financial LP grew its holdings in Nutanix by 123.1% during the fourth 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. Advisors Asset Management Inc. grew its holdings in 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. Principal Securities Inc. grew its holdings 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 acquiring an additional 199 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of Nutanix stock opened at $77.10 on Thursday. The firm has a market cap of $20.66 billion, a price-to-earnings ratio of -220.29, a P/E/G ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The stock has a 50-day simple moving average of $67.74 and a 200-day simple moving average of $64.82.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the transaction, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,684,917 shares of company stock worth $422,452,901 in the last three months. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of recent analyst reports. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Royal Bank of Canada increased their price target on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and increased their price target for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Finally, Piper Sandler increased their price target on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $87.79.

Nutanix Company Profile

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.