Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 7,970.6% during the fourth quarter, HoldingsChannel reports. The firm owned 103,869 shares of the technology company’s stock after buying an additional 102,582 shares during the period. International Assets Investment Management LLC’s holdings in Nutanix were worth $4,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in shares of Nutanix during the fourth quarter worth about $62,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Nutanix during the third quarter worth about $107,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Nutanix during the third quarter worth about $143,000. CIBC Asset Management Inc acquired a new position in shares of Nutanix during the third quarter worth about $224,000. Finally, Ieq Capital LLC acquired a new position in shares of Nutanix in the third quarter worth about $246,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Up 1.4 %

Shares of NASDAQ NTNX opened at $66.21 on Thursday. The stock’s 50 day moving average price is $63.04 and its two-hundred day moving average price is $52.96. Nutanix, Inc. has a 52-week low of $24.08 and a 52-week high of $67.19. The stock has a market capitalization of $16.18 billion, a P/E ratio of -183.92 and a beta of 1.27.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. On average, analysts anticipate that Nutanix, Inc. will post -0.04 EPS for the current year.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 23,932 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $63.05, for a total value of $1,508,912.60. Following the sale, the chief executive officer now directly owns 373,024 shares in the company, valued at $23,519,163.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the transaction, the chief financial officer now directly owns 144,635 shares in the company, valued at $9,368,008.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 23,932 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $63.05, for a total value of $1,508,912.60. Following the completion of the transaction, the chief executive officer now directly owns 373,024 shares of the company’s stock, valued at $23,519,163.20. The disclosure for this sale can be found here. Insiders sold a total of 129,506 shares of company stock worth $8,270,938 in the last three months. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on NTNX shares. Piper Sandler boosted their price target on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. Raymond James upgraded Nutanix from a “market perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research note on Wednesday. Barclays boosted their price target on Nutanix from $49.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, KeyCorp boosted their price target on Nutanix from $68.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.69.

Nutanix 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.