CWA Asset Management Group LLC Has $1.42 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

CWA Asset Management Group LLC boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 30.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,283 shares of the technology company’s stock after purchasing an additional 5,475 shares during the quarter. CWA Asset Management Group LLC’s holdings in Nutanix were worth $1,424,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Bain Capital Investors LLC acquired a new stake in shares of Nutanix in the third quarter valued at approximately $998,601,000. Driehaus Capital Management LLC increased its stake in Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after acquiring an additional 794,215 shares during the period. Two Sigma Advisers LP raised its holdings in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after acquiring an additional 695,567 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after acquiring an additional 477,838 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after purchasing an additional 374,328 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Up 2.3 %

NASDAQ:NTNX opened at $64.11 on Tuesday. The stock’s 50-day moving average is $66.42 and its 200-day moving average is $59.98. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The stock has a market cap of $17.18 billion, a P/E ratio of -183.17, a price-to-earnings-growth ratio of 10.34 and a beta of 1.16.

Insider Buying and Selling

In related news, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,771 shares of company stock worth $5,387,045 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

NTNX has been the subject of several recent analyst reports. Piper Sandler upped their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Barclays increased their price target on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Northland Securities restated a “market perform” rating and set a $77.00 price objective (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Finally, Needham & Company LLC boosted their price target on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

Nutanix Company 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.