MIG Capital LLC Buys Shares of 5,255 Nutanix, Inc. (NASDAQ:NTNX)

MIG Capital LLC purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,255 shares of the technology company’s stock, valued at approximately $322,000.

Other hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. lifted its position in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after purchasing an additional 418 shares in the last quarter. Allworth Financial LP lifted its position in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after buying an additional 256 shares in the last quarter. Principal Securities Inc. grew its stake in shares of Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nutanix in the 4th quarter worth approximately $40,000. Finally, Larson Financial Group LLC raised its stake in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after acquiring an additional 146 shares during the period. Institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the sale, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. This trade represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,610,886 shares of company stock worth $417,646,356. Corporate insiders own 6.80% of the company’s stock.

Nutanix Stock Down 9.7 %

Shares of NASDAQ:NTNX opened at $58.50 on Friday. The firm has a fifty day simple moving average of $70.53 and a two-hundred day simple moving average of $66.64. The stock has a market capitalization of $15.60 billion, a P/E ratio of -167.14, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Piper Sandler raised their price target on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Needham & Company LLC upped their price objective on Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. UBS Group boosted their price target on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Raymond James set a $83.00 price objective on shares of Nutanix in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Nutanix currently has an average rating of “Buy” and an average target price of $87.79.

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.