Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in Nutanix, Inc. (NASDAQ:NTNX) by 73.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,679 shares of the technology company’s stock after acquiring an additional 711 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Nutanix were worth $104,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NTNX. Larson Financial Group LLC raised its stake in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of 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 buying an additional 321 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after buying an additional 623 shares during the last quarter. Berbice Capital Management LLC purchased a new position in shares of Nutanix during the fourth quarter valued at approximately $49,000. Finally, Signaturefd LLC boosted its position in Nutanix by 57.8% during the third quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after acquiring an additional 350 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on NTNX. Northland Securities reiterated a “market perform” rating and issued a $77.00 price target (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Needham & Company LLC increased their target price on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley lifted their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler increased their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, UBS Group initiated coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 target price for the company. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $70.47 on Friday. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of -201.34, a PEG ratio of 11.60 and a beta of 1.17. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The business has a 50-day moving average of $65.71 and a 200-day moving average of $62.46.

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction that occurred 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 owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 177,917 shares of company stock worth $12,114,781 in the last 90 days. 6.80% of the stock is owned by company insiders.

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.