Resona Asset Management Co. Ltd. acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 71,476 shares of the technology company's stock, valued at approximately $4,385,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock valued at $1,568,447,000 after buying an additional 146,854 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Nutanix by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock worth $263,275,000 after acquiring an additional 163,874 shares in the last quarter. Norges Bank purchased a new stake in Nutanix during the fourth quarter valued at approximately $195,758,000. Pictet Asset Management Holding SA boosted its stake in Nutanix by 6,785.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock valued at $130,885,000 after acquiring an additional 2,108,269 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Nutanix by 13.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,558,817 shares of the technology company's stock worth $95,368,000 after purchasing an additional 186,889 shares during the last quarter. Institutional investors own 85.25% of the company's stock.
Wall Street Analyst Weigh In
NTNX has been the subject of a number of recent analyst reports. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Raymond James set a $83.00 target price on shares of Nutanix in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their price objective on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nutanix has an average rating of "Buy" and an average target price of $87.85.
Get Our Latest Analysis on NTNX
Nutanix Trading Up 4.2 %
Shares of Nutanix stock traded up $2.50 during trading hours on Monday, reaching $61.80. The stock had a trading volume of 576,094 shares, compared to its average volume of 2,505,296. The stock's 50 day moving average is $69.57 and its 200 day moving average is $66.68. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The firm has a market capitalization of $16.48 billion, a PE ratio of -176.57, a PEG ratio of 11.80 and a beta of 0.84.
Insider Buying and Selling
In other news, CEO Rajiv Ramaswami sold 7,740 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the transaction, the chief executive officer now directly owns 558,366 shares of the company's stock, valued at $41,877,450. This represents a 1.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,610,592 shares of company stock valued at $417,628,260. 6.80% of the stock is owned by company insiders.
About Nutanix
(
Free Report)
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.
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