Bridgewater Associates LP Purchases Shares of 222,697 Nutanix, Inc. (NASDAQ:NTNX)

Bridgewater Associates LP acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 222,697 shares of the technology company's stock, valued at approximately $13,625,000. Bridgewater Associates LP owned approximately 0.08% of Nutanix as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Guggenheim Capital LLC boosted its holdings in Nutanix by 44.7% in the 4th quarter. Guggenheim Capital LLC now owns 11,480 shares of the technology company's stock valued at $702,000 after purchasing an additional 3,544 shares during the last quarter. Mariner LLC raised its position in Nutanix by 70.4% in the fourth quarter. Mariner LLC now owns 15,589 shares of the technology company's stock valued at $954,000 after purchasing an additional 6,439 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Nutanix by 49.2% in the 4th quarter. Sterling Capital Management LLC now owns 11,761 shares of the technology company's stock valued at $720,000 after purchasing an additional 3,879 shares during the last quarter. Quinn Opportunity Partners LLC grew its holdings in shares of Nutanix by 33.3% during the 4th quarter. Quinn Opportunity Partners LLC now owns 16,000 shares of the technology company's stock worth $979,000 after purchasing an additional 4,000 shares during the period. Finally, APG Asset Management US Inc. purchased a new stake in Nutanix in the 4th quarter valued at about $485,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Shares of NTNX stock traded up $1.30 during midday trading on Tuesday, reaching $59.84. 226,390 shares of the company traded hands, compared to its average volume of 2,502,857. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The firm's 50 day simple moving average is $68.38 and its two-hundred day simple moving average is $66.77. The firm has a market cap of $15.96 billion, a PE ratio of -170.87, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Raymond James set a $83.00 target price on Nutanix in a research note on Thursday, February 27th. UBS Group upped their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $87.85.

Insider Activity

In related news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now directly owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,592 shares of company stock worth $417,628,260 over the last 90 days. Company insiders own 6.80% of the company's stock.

Nutanix 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.