Arcadia Investment Management Corp MI Has $395,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

Arcadia Investment Management Corp MI raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 79.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,450 shares of the technology company’s stock after acquiring an additional 2,850 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Nutanix were worth $395,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NTNX. Bain Capital Investors LLC acquired a new stake in Nutanix in the third quarter valued at $998,601,000. Two Sigma Advisers LP lifted its stake in shares of Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after buying an additional 695,567 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Nutanix by 5,473.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after buying an additional 470,717 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Nutanix by 235.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock worth $33,313,000 after buying an additional 382,232 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake 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 buying an additional 374,328 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays raised their target price on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Needham & Company LLC raised their price target on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Wells Fargo & Company raised their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Northland Securities reaffirmed 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. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Activity at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares in the company, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the transaction, 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. In the last three months, insiders have sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is owned by insiders.

Nutanix Stock Up 0.0 %

Shares of Nutanix stock opened at $72.09 on Friday. The firm’s 50 day moving average is $66.17 and its 200 day moving average is $63.17. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80.

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.