Asset Management One Co. Ltd. Takes $5.57 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

Asset Management One Co. Ltd. bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 89,116 shares of the technology company's stock, valued at approximately $5,572,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its holdings in shares of Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after purchasing an additional 281 shares during the period. Advisors Asset Management Inc. increased its stake in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after buying an additional 321 shares during the period. Versant Capital Management Inc raised its position in shares of Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock worth $45,000 after buying an additional 623 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Nutanix in the 4th quarter worth approximately $49,000. Finally, Signaturefd LLC lifted its stake in shares of Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company's stock worth $57,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Down 3.3 %

Shares of NTNX traded down $2.35 during midday trading on Friday, hitting $69.74. The stock had a trading volume of 1,685,671 shares, compared to its average volume of 1,803,922. The business has a 50-day simple moving average of $66.24 and a two-hundred day simple moving average of $63.23. The firm has a market cap of $18.69 billion, a P/E ratio of -199.26, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the sale, the chief executive officer now directly owns 649,034 shares of the company's stock, valued at $42,738,888.90. The trade was a 8.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 190,882 shares of the company's stock, valued at $12,718,467.66. The trade was a 5.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 177,917 shares of company stock worth $12,114,781. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NTNX has been the topic of several recent analyst reports. Barclays boosted their target price on Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Needham & Company LLC boosted their price objective on Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Raymond James cut their price objective on Nutanix from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Friday, January 17th. StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Wells Fargo & Company boosted 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. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.50.

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.