The Manufacturers Life Insurance Company Increases Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

The Manufacturers Life Insurance Company raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 150.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,765 shares of the technology company’s stock after purchasing an additional 27,502 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Nutanix were worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NTNX. ORG Wealth Partners LLC bought a new position in shares of Nutanix during the 3rd quarter valued at about $27,000. Larson Financial Group LLC boosted its stake in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after buying an additional 281 shares in the last quarter. Advisors Asset Management Inc. grew its position in Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Nutanix in the 2nd quarter valued at $32,000. Finally, Signaturefd LLC raised its position 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 purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In related news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 8.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Nutanix Stock Down 0.7 %

NTNX opened at $67.77 on Monday. The stock has a market cap of $17.97 billion, a PE ratio of -193.63, a PEG ratio of 11.20 and a beta of 1.13. The business has a 50 day moving average of $65.54 and a 200-day moving average of $59.19. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80.

Wall Street Analyst Weigh In

NTNX has been the topic of several analyst reports. StockNews.com upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Royal Bank of Canada lifted their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price objective on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Wells Fargo & Company lifted their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC increased their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.86.

Nutanix Company Profile

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.