Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 65.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 81,823 shares of the technology company’s stock after buying an additional 32,386 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Nutanix were worth $5,006,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NTNX. Freedom Investment Management Inc. increased its stake in shares of Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after acquiring an additional 151 shares during the period. CIBC Asset Management Inc increased its position in Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after purchasing an additional 233 shares during the period. Paragon Capital Management Inc. raised its stake in shares of Nutanix by 1.0% during the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after buying an additional 258 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after buying an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $64.69 on Friday. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80. The firm’s 50 day moving average price is $65.61 and its 200 day moving average price is $60.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group started coverage on Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 target price for the company. Morgan Stanley raised their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Barclays upped their target price 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 reiterated a “market perform” rating and set a $77.00 price target (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Finally, Piper Sandler boosted their price target on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.87.

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares in the company, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,065 shares of company stock valued at $5,405,141 in the last quarter. 6.80% of the stock is currently owned by company insiders.

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.