Investment Management Corp of Ontario Invests $428,000 in Nutanix, Inc. (NASDAQ:NTNX)

Investment Management Corp of Ontario bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 7,000 shares of the technology company’s stock, valued at approximately $428,000.

A number of other hedge funds also recently made changes to their positions in NTNX. Harbour Investments Inc. raised its stake in shares of Nutanix by 2,612.5% during the 4th 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 period. Colonial Trust Co SC bought a new stake in Nutanix in the 4th quarter valued at about $28,000. Allworth Financial LP raised its stake in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. raised its stake in Nutanix by 52.4% in 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. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nutanix in the 4th quarter valued at about $40,000. 85.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NTNX has been the topic of a number of research reports. Raymond James set a $83.00 price objective on Nutanix in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price objective on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Oppenheimer lifted their target price on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Barclays set a $94.00 target price on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.85.

Nutanix Trading Up 2.3%

Shares of NASDAQ NTNX opened at $76.85 on Tuesday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of -219.57, a PEG ratio of 11.80 and a beta of 0.70. The business has a 50-day moving average of $67.62 and a 200-day moving average of $67.52.

Insider Transactions at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 3,050 shares of the company’s stock, valued at $232,288. This represents a 69.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at approximately $41,877,450. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,514,740 shares of company stock valued at $410,918,620. 6.80% of the stock is owned by corporate 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.