Toth Financial Advisory Corp Purchases 5,770 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Toth Financial Advisory Corp boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 84.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,620 shares of the technology company’s stock after buying an additional 5,770 shares during the period. Toth Financial Advisory Corp’s holdings in Nutanix were worth $772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Nutanix by 15.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 901,923 shares of the technology company’s stock worth $51,270,000 after buying an additional 122,505 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Nutanix by 9.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,003 shares of the technology company’s stock valued at $388,000 after acquiring an additional 578 shares during the last quarter. ProShare Advisors LLC raised its position in Nutanix by 6.3% during the second quarter. ProShare Advisors LLC now owns 7,690 shares of the technology company’s stock valued at $437,000 after purchasing an additional 455 shares in the last quarter. Xponance Inc. lifted its stake in Nutanix by 5.0% during the second quarter. Xponance Inc. now owns 15,021 shares of the technology company’s stock worth $854,000 after purchasing an additional 711 shares during the last quarter. Finally, AXA S.A. purchased a new position in shares of Nutanix in the 2nd quarter worth about $1,046,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a report on Saturday. Raymond James lowered their price objective on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Piper Sandler increased their target price on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Northland Securities reissued a “market perform” rating and issued a $77.00 price target (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Finally, Morgan Stanley raised their price objective on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.87.

Nutanix Stock Down 0.7 %

Shares of Nutanix stock opened at $64.69 on Friday. The company has a market cap of $17.33 billion, a PE ratio of -184.83, a P/E/G ratio of 10.88 and a beta of 1.16. The business has a 50 day moving average of $65.51 and a 200 day moving average of $60.72. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80.

Insider Buying and Selling at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The stock was 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 in the company, valued at $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,065 shares of company stock valued at $5,405,141. 6.80% of the stock is currently owned by company insiders.

Nutanix 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.