APG Asset Management US Inc. Buys New Stake in Nutanix, Inc. (NASDAQ:NTNX)

APG Asset Management US Inc. bought a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,931 shares of the technology company's stock, valued at approximately $485,000.

Several other institutional investors and hedge funds have also bought and sold shares of NTNX. APG Asset Management N.V. purchased a new position in shares of Nutanix in the fourth quarter worth $753,000. Abacus FCF Advisors LLC increased its position in shares of Nutanix by 49.7% in the fourth quarter. Abacus FCF Advisors LLC now owns 45,207 shares of the technology company's stock valued at $2,766,000 after acquiring an additional 15,013 shares during the period. Renaissance Technologies LLC increased its position in shares of Nutanix by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock valued at $270,348,000 after acquiring an additional 268,400 shares during the period. Legal & General Group Plc raised its stake in shares of Nutanix by 60.4% during the fourth quarter. Legal & General Group Plc now owns 949,226 shares of the technology company's stock valued at $58,074,000 after acquiring an additional 357,520 shares during the last quarter. Finally, Polymer Capital Management US LLC purchased a new stake in shares of Nutanix during the fourth quarter worth about $281,000. 85.25% of the stock is currently owned by institutional investors.

Nutanix Trading Up 3.0 %

NASDAQ NTNX traded up $1.79 on Tuesday, hitting $62.18. 763,831 shares of the company traded hands, compared to its average volume of 2,506,824. The business's 50 day moving average price is $69.35 and its 200-day moving average price is $66.69. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of -177.66, a P/E/G ratio of 11.80 and a beta of 0.84.

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Analyst Ratings Changes

A number of analysts recently commented on NTNX shares. Barclays set a $94.00 price target on Nutanix and gave the stock an "overweight" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. 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. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, Raymond James set a $83.00 price target on Nutanix in a research note on Thursday, February 27th. One 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $87.85.

Insider Activity at Nutanix

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

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.