Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 65.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,823 shares of the technology company’s stock after purchasing an additional 32,386 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Nutanix were worth $5,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in Nutanix during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC increased its position in shares of 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 acquiring an additional 281 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Nutanix by 150.7% in the 3rd 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 period. Versant Capital Management Inc raised its stake in shares of Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after acquiring an additional 623 shares during the period. Finally, Berbice Capital Management LLC acquired a new position in shares of Nutanix during the 4th quarter valued at $49,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler raised their price objective on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price target on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Raymond James reduced their target price on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. UBS Group assumed coverage on shares of Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 target price for the company. Finally, StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.87.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the sale, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were 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 of the company’s stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,065 shares of company stock worth $5,405,141. 6.80% of the stock is owned by company insiders.

Nutanix Stock Down 0.7 %

NTNX stock opened at $64.69 on Friday. The firm’s 50-day simple moving average is $65.61 and its 200 day simple moving average is $60.69. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80.

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.