Cibc World Markets Corp Invests $698,000 in Nutanix, Inc. (NASDAQ:NTNX)

Cibc World Markets Corp bought a new position in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, Holdings Channel.com reports. The fund bought 11,402 shares of the technology company’s stock, valued at approximately $698,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NTNX. Harbour Investments Inc. increased its position in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares during the last quarter. Larson Financial Group LLC increased its position in shares of 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 purchasing an additional 281 shares during the last quarter. Allworth Financial LP increased its position in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Nutanix by 150.7% in the 3rd 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 period. Finally, Principal Securities Inc. boosted its holdings in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares during the period. Institutional investors own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now directly owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the sale, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,609,206 shares of company stock valued at $417,458,120. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Needham & Company LLC lifted their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Oppenheimer lifted their price target on shares of Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. One research 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’s stock. According to data from MarketBeat.com, Nutanix currently has an average rating of “Buy” and an average price target of $87.79.

Nutanix Trading Up 0.7 %

Shares of NASDAQ:NTNX opened at $73.04 on Friday. The company has a 50 day moving average of $69.52 and a 200-day moving average of $65.96. The firm has a market cap of $19.48 billion, a P/E ratio of -208.69, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

Nutanix 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.