MIG Capital LLC Acquires New Stake in Nutanix, Inc. (NASDAQ:NTNX)

MIG Capital LLC bought a new position in Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 5,255 shares of the technology company’s stock, valued at approximately $322,000.

Several other institutional investors and hedge funds have also made changes to their positions in NTNX. Harbour Investments Inc. grew its holdings in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP grew its stake in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares in the last quarter. Principal Securities Inc. increased its position in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after acquiring an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nutanix during the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC raised its stake in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler raised their price objective on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a report on Thursday, February 27th. Oppenheimer increased their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Needham & Company LLC boosted their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada increased their price objective on shares of Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nutanix currently has an average rating of “Buy” and an average price target of $87.79.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the transaction, the director now owns 3,050 shares in the company, valued at $232,288. This trade represents a 69.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the sale, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,610,886 shares of company stock valued at $417,646,356 in the last three months. 6.80% of the stock is owned by insiders.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $58.50 on Friday. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The company has a market cap of $15.60 billion, a PE ratio of -167.14, a P/E/G ratio of 11.80 and a beta of 1.04. The business has a 50-day simple moving average of $70.53 and a two-hundred day simple moving average of $66.64.

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.