APG Asset Management N.V. Acquires New Position in Nutanix, Inc. (NASDAQ:NTNX)

APG Asset Management N.V. bought a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,743 shares of the technology company's stock, valued at approximately $753,000.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC grew its position in shares of Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after acquiring an additional 146 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after purchasing an additional 188 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of Nutanix by 5.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock worth $282,000 after buying an additional 249 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after buying an additional 256 shares during the period. Institutional investors own 85.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NTNX shares. Raymond James set a $83.00 target price on shares of Nutanix in a report on Thursday, February 27th. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Finally, Piper Sandler dropped their price target on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $87.85.

Nutanix Stock Performance

Shares of NASDAQ NTNX traded down $0.24 during trading on Friday, hitting $61.63. The company had a trading volume of 1,051,856 shares, compared to its average volume of 2,512,801. The company has a market cap of $16.43 billion, a P/E ratio of -176.09, a PEG ratio of 11.80 and a beta of 0.84. The business's 50-day moving average is $68.81 and its 200 day moving average is $66.64. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,610,592 shares of company stock valued at $417,628,260 over the last three months. Company insiders own 6.80% of the company's stock.

Nutanix Company 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.