Andra AP fonden Invests $5.22 Million in Nutanix, Inc. (NASDAQ:NTNX)

Andra AP fonden 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 13F filing with the Securities and Exchange Commission. The fund acquired 85,300 shares of the technology company's stock, valued at approximately $5,219,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in shares of Nutanix by 8.9% during the third quarter. QRG Capital Management Inc. now owns 10,482 shares of the technology company's stock valued at $621,000 after purchasing an additional 859 shares in the last quarter. Summit Global Investments bought a new stake in Nutanix during the 3rd quarter worth approximately $727,000. Capital Performance Advisors LLP acquired a new position in Nutanix in the 3rd quarter valued at approximately $133,000. CWA Asset Management Group LLC bought a new position in shares of Nutanix during the third quarter valued at $1,055,000. Finally, Atria Investments Inc lifted its holdings in shares of Nutanix by 29.3% during the third quarter. Atria Investments Inc now owns 5,058 shares of the technology company's stock worth $300,000 after purchasing an additional 1,147 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the business's stock in a transaction dated Tuesday, December 17th. The shares were 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 owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,684,917 shares of company stock valued at $422,452,901 in the last ninety days. 6.80% of the stock is currently owned by insiders.

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Nutanix Price Performance

Shares of NTNX stock traded up $1.28 on Wednesday, hitting $67.77. The stock had a trading volume of 3,868,215 shares, compared to its average volume of 2,442,465. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of -193.63, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The business has a 50 day moving average of $68.22 and a 200 day moving average of $65.34. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99.

Analysts Set New Price Targets

NTNX has been the subject of several analyst reports. Oppenheimer raised their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Morgan Stanley upped 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. Finally, Wells Fargo & Company boosted their target price on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nutanix currently has an average rating of "Buy" and an average target price of $87.79.

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.