Adalta Capital Management LLC bought a new position in shares of Nutanix Inc (NASDAQ:NTNX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,115 shares of the technology company’s stock, valued at approximately $338,000.
Several other hedge funds also recently made changes to their positions in the company. Legal & General Group Plc increased its stake in Nutanix by 24.5% in the fourth quarter. Legal & General Group Plc now owns 63,468 shares of the technology company’s stock valued at $2,640,000 after purchasing an additional 12,506 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Nutanix in the fourth quarter valued at approximately $221,000. Amundi Pioneer Asset Management Inc. increased its stake in Nutanix by 35.4% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 669,300 shares of the technology company’s stock valued at $27,836,000 after purchasing an additional 174,900 shares in the last quarter. Cipher Capital LP increased its stake in Nutanix by 514.6% in the fourth quarter. Cipher Capital LP now owns 39,084 shares of the technology company’s stock valued at $1,626,000 after purchasing an additional 32,725 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Nutanix by 31.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,775 shares of the technology company’s stock valued at $448,000 after purchasing an additional 2,555 shares in the last quarter. Institutional investors own 55.04% of the company’s stock.
Several equities research analysts have commented on NTNX shares. William Blair reaffirmed an “outperform” rating on shares of Nutanix in a research note on Thursday. Needham & Company LLC upped their target price on shares of Nutanix from $71.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Wolfe Research started coverage on shares of Nutanix in a research note on Tuesday, December 11th. They issued an “outperform” rating for the company. ValuEngine downgraded shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Bank of America reissued a “buy” rating and set a $51.00 price objective (down previously from $63.00) on shares of Nutanix in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $54.77.
In other Nutanix news, insider Tyler Wall sold 34,144 shares of the stock in a transaction on Friday, December 28th. The shares were sold at an average price of $40.36, for a total value of $1,378,051.84. Following the completion of the sale, the insider now owns 335 shares in the company, valued at $13,520.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David Sangster sold 7,917 shares of the stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $41.76, for a total transaction of $330,613.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,038 shares of company stock valued at $4,380,591. Corporate insiders own 14.57% of the company’s stock.
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Nutanix Company Profile
Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.
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