GAMMA Investing LLC Purchases 332 Shares of Nutanix, Inc. (NASDAQ:NTNX)

GAMMA Investing LLC increased its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,691 shares of the technology company’s stock after acquiring an additional 332 shares during the quarter. GAMMA Investing LLC’s holdings in Nutanix were worth $103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in Nutanix during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC boosted its stake in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after acquiring an additional 321 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Nutanix during the 2nd quarter worth approximately $32,000. Finally, Versant Capital Management Inc raised its holdings in Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after buying an additional 623 shares during the period. Institutional investors own 85.25% of the company’s stock.

Insiders Place Their Bets

In other Nutanix news, 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,771 shares of company stock valued at $5,387,045. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on NTNX shares. Oppenheimer started coverage on shares of Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Morgan Stanley raised their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Piper Sandler raised their target price 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, Northland Securities restated a “market perform” rating and set a $77.00 target price (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.47.

Nutanix Trading Down 0.3 %

NASDAQ NTNX opened at $62.23 on Friday. The firm’s fifty day moving average price is $66.33 and its two-hundred day moving average price is $60.22. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80. The firm has a market capitalization of $16.67 billion, a P/E ratio of -177.80, a price-to-earnings-growth ratio of 10.34 and a beta of 1.16.

Nutanix Company 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.