Candriam S.C.A. Has $293,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

Candriam S.C.A. increased its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 31.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,792 shares of the technology company’s stock after purchasing an additional 1,137 shares during the quarter. Candriam S.C.A.’s holdings in Nutanix were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTNX. CWA Asset Management Group LLC acquired a new position in Nutanix in the 3rd quarter valued at $1,055,000. Atria Investments Inc raised its holdings in Nutanix by 29.3% in the 3rd quarter. Atria Investments Inc now owns 5,058 shares of the technology company’s stock valued at $300,000 after acquiring an additional 1,147 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Nutanix by 63.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 23,720 shares of the technology company’s stock valued at $1,405,000 after acquiring an additional 9,220 shares in the last quarter. Peregrine Asset Advisers Inc. acquired a new position in Nutanix in the 3rd quarter valued at $1,827,000. Finally, Versor Investments LP raised its holdings in Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock valued at $1,976,000 after acquiring an additional 22,652 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now owns 45,330 shares in the company, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were 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 owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,684,917 shares of company stock worth $422,452,901. Insiders own 6.80% of the company’s stock.

Nutanix Stock Down 8.5 %

Shares of NTNX stock opened at $64.39 on Tuesday. The firm has a market capitalization of $17.25 billion, a P/E ratio of -183.97, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The stock’s fifty day simple moving average is $68.11 and its 200 day simple moving average is $65.25.

Analyst Upgrades and Downgrades

NTNX has been the subject of several analyst reports. Piper Sandler lifted their price objective on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Oppenheimer lifted their price objective on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley boosted their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Royal Bank of Canada boosted their price target on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their price target on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Nutanix has an average rating of “Buy” and an average target price of $87.79.

About Nutanix

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.