Nutanix, Inc. (NASDAQ:NTNX) Stock Holdings Lifted by Ieq Capital LLC

Ieq Capital LLC increased its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 448.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 115,605 shares of the technology company’s stock after buying an additional 94,531 shares during the period. Ieq Capital LLC’s holdings in Nutanix were worth $7,073,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Creative Planning boosted its stake in Nutanix by 26.5% in the third quarter. Creative Planning now owns 13,862 shares of the technology company’s stock valued at $821,000 after acquiring an additional 2,907 shares during the period. Blue Trust Inc. lifted its holdings in shares of Nutanix by 782.7% in the 3rd quarter. Blue Trust Inc. now owns 2,039 shares of the technology company’s stock worth $116,000 after purchasing an additional 1,808 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Nutanix by 101.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company’s stock valued at $2,486,000 after purchasing an additional 21,086 shares during the period. Signaturefd LLC boosted its position in Nutanix by 57.8% during the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after purchasing an additional 350 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Nutanix by 5,859.5% during the 3rd quarter. International Assets Investment Management LLC now owns 81,884 shares of the technology company’s stock worth $4,852,000 after buying an additional 80,510 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 0.0 %

Shares of NTNX stock opened at $72.09 on Friday. The stock has a 50-day simple moving average of $66.17 and a 200 day simple moving average of $63.17. The stock has a market capitalization of $19.32 billion, a P/E ratio of -205.97, a P/E/G ratio of 11.82 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the sale, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 177,917 shares of company stock worth $12,114,781. Corporate insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NTNX. Needham & Company LLC raised their target price on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group began coverage on shares of Nutanix in a research report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective on the stock. Piper Sandler upped their target price on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Barclays lifted their price target on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Oppenheimer began coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and an average price target of $79.50.

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.