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Great West Life Assurance Co. Can Invests $638,000 in Nutanix, Inc. (NASDAQ:NTNX)

Defense World · Feb 3, 2023 04:51

Great West Life Assurance Co. Can purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,680 shares of the technology company's stock, valued at approximately $638,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Nutanix by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 706,101 shares of the technology company's stock worth $18,938,000 after buying an additional 13,696 shares in the last quarter. Bank of Montreal Can raised its stake in Nutanix by 57.0% in the first quarter. Bank of Montreal Can now owns 108,342 shares of the technology company's stock valued at $2,939,000 after purchasing an additional 39,341 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Nutanix in the first quarter valued at approximately $371,000. BlackRock Inc. grew its position in Nutanix by 1.2% during the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company's stock valued at $260,245,000 after acquiring an additional 117,982 shares during the last quarter. Finally, Blair William & Co. IL grew its position in Nutanix by 12.4% during the first quarter. Blair William & Co. IL now owns 296,205 shares of the technology company's stock valued at $7,944,000 after acquiring an additional 32,566 shares during the last quarter. Institutional investors own 76.95% of the company's stock.

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Wall Street Analyst Weigh In

NTNX has been the topic of several recent analyst reports. Needham & Company LLC raised their target price on shares of Nutanix from $31.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, December 1st. KeyCorp boosted their target price on shares of Nutanix from $26.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, October 24th. StockNews.com upgraded shares of Nutanix from a "hold" rating to a "buy" rating in a research note on Friday, December 2nd. Wells Fargo & Company upped their price target on shares of Nutanix from $20.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 1st. Finally, Royal Bank of Canada upped their price target on shares of Nutanix from $24.00 to $31.00 and gave the stock an "outperform" rating in a research note on Monday, November 28th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Nutanix presently has an average rating of "Moderate Buy" and a consensus target price of $31.58.

Insider Activity

In other news, insider Tyler Wall sold 9,906 shares of the company's stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $30.51, for a total transaction of $302,232.06. Following the completion of the sale, the insider now owns 138,256 shares of the company's stock, valued at approximately $4,218,190.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Tyler Wall sold 9,906 shares of the stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $30.51, for a total value of $302,232.06. Following the completion of the sale, the insider now directly owns 138,256 shares of the company's stock, valued at approximately $4,218,190.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 13,130 shares of the stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $30.51, for a total transaction of $400,596.30. Following the completion of the sale, the chief financial officer now directly owns 107,116 shares of the company's stock, valued at $3,268,109.16. The disclosure for this sale can be found here. Insiders sold 324,686 shares of company stock valued at $9,538,498 in the last quarter. 0.43% of the stock is currently owned by insiders.

Nutanix Stock Up 3.4 %

NASDAQ NTNX opened at $29.52 on Friday. Nutanix, Inc. has a 52 week low of $13.44 and a 52 week high of $33.73. The firm has a market capitalization of $6.79 billion, a P/E ratio of -13.86 and a beta of 1.26. The company has a 50-day moving average price of $28.20 and a 200-day moving average price of $24.03.

Nutanix (NASDAQ:NTNX – Get Rating) last released its quarterly earnings results on Wednesday, November 30th. The technology company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.51) by $0.19. The business had revenue of $433.61 million for the quarter, compared to analysts' expectations of $413.06 million. As a group, equities research analysts anticipate that Nutanix, Inc. will post -1.17 EPS for the current year.

Nutanix Company Profile

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Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers' enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.

Great West Life Assurance Co. Can Invests $638,000 in Nutanix, Inc. (NASDAQ:NTNX)

Wall Street Analyst Weigh In

Insider Activity

Nutanix Stock Up 3.4 %

Nutanix Company Profile

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