Vinva Investment Management Ltd Acquires 125,926 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Vinva Investment Management Ltd lifted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 4,777.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 128,562 shares of the technology company’s stock after purchasing an additional 125,926 shares during the quarter. Vinva Investment Management Ltd’s holdings in Nutanix were worth $7,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Xponance Inc. boosted its stake in shares of Nutanix by 112.4% during the 4th quarter. Xponance Inc. now owns 32,604 shares of the technology company’s stock worth $1,995,000 after acquiring an additional 17,252 shares during the period. Counterpoint Mutual Funds LLC boosted its stake in Nutanix by 32.2% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 5,953 shares of the technology company’s stock valued at $364,000 after purchasing an additional 1,450 shares during the period. Cibc World Markets Corp bought a new stake in Nutanix in the 4th quarter valued at $698,000. Harbour Investments Inc. boosted its stake in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after purchasing an additional 418 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Nutanix by 20.1% in the 4th quarter. Natixis Advisors LLC now owns 23,247 shares of the technology company’s stock valued at $1,422,000 after purchasing an additional 3,888 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Insider Transactions at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was 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 owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. This represents a 32.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares of the company’s stock, valued at approximately $232,288. The trade was a 69.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,609,206 shares of company stock valued at $417,458,120. Corporate insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

Nutanix stock opened at $70.18 on Wednesday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The stock has a market capitalization of $18.71 billion, a P/E ratio of -200.51, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The stock has a fifty day moving average of $68.89 and a 200-day moving average of $65.77.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several recent research reports. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Barclays set a $94.00 price target on Nutanix and gave the company an “overweight” rating in a research note on Thursday, February 27th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Royal Bank of Canada upped their target price on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. One equities 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. Based on data from MarketBeat, Nutanix currently has an average rating of “Buy” and a consensus price target of $87.79.

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.