CIBC Asset Management Inc Has $417,000 Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

CIBC Asset Management Inc boosted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 7,036 shares of the technology company’s stock after buying an additional 233 shares during the quarter. CIBC Asset Management Inc’s holdings in Nutanix were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Nutanix by 35.2% in the 2nd quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock worth $53,000 after acquiring an additional 243 shares during the period. Paragon Capital Management Inc. raised its stake in shares of Nutanix by 1.0% in the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock valued at $1,545,000 after purchasing an additional 258 shares in the last quarter. Signaturefd LLC lifted its position in Nutanix by 57.8% in the third quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after purchasing an additional 350 shares during the period. Daiwa Securities Group Inc. boosted its stake in Nutanix by 9.0% during the second quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company’s stock worth $256,000 after buying an additional 370 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in Nutanix by 3.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 10,854 shares of the technology company’s stock valued at $615,000 after buying an additional 374 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

In other news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This represents a 8.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of Nutanix stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the sale, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on NTNX. Oppenheimer assumed coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Royal Bank of Canada increased their price objective on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Northland Securities boosted their target price on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.86.

Nutanix Stock Up 2.2 %

NTNX opened at $70.95 on Friday. The company’s 50-day moving average price is $63.62 and its two-hundred day moving average price is $59.31. Nutanix, Inc. has a twelve month low of $40.20 and a twelve month high of $73.69. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of -136.44, a PEG ratio of 13.01 and a beta of 1.17.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The company had revenue of $547.95 million during the quarter, compared to analysts’ expectations of $537.12 million. As a group, sell-side analysts anticipate that Nutanix, Inc. will post 0.27 earnings per share for the current year.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.