Benchmark Investment Advisors LLC purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,204 shares of the technology company's stock, valued at approximately $380,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Nutanix by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock worth $1,568,447,000 after purchasing an additional 146,854 shares during the last quarter. Geode Capital Management LLC grew its holdings in Nutanix by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock valued at $263,275,000 after buying an additional 163,874 shares in the last quarter. Norges Bank bought a new stake in Nutanix in the 4th quarter worth approximately $195,758,000. Pictet Asset Management Holding SA raised its holdings in shares of Nutanix by 6,785.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock worth $130,885,000 after acquiring an additional 2,108,269 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Nutanix by 4.6% during the 4th quarter. Federated Hermes Inc. now owns 2,000,729 shares of the technology company's stock worth $122,551,000 after acquiring an additional 87,775 shares in the last quarter. Institutional investors own 85.25% of the company's stock.
Wall Street Analyst Weigh In
NTNX has been the topic of several research reports. StockNews.com cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Northland Capmk upgraded shares of Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Barclays set a $94.00 target price on shares of Nutanix and gave the company an "overweight" rating in a research report on Thursday, February 27th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. Finally, Morgan Stanley upped their price objective on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $87.85.
Check Out Our Latest Stock Analysis on Nutanix
Nutanix Stock Performance
Nutanix stock traded down $1.60 during mid-day trading on Friday, hitting $60.44. The company's stock had a trading volume of 1,310,334 shares, compared to its average volume of 2,507,841. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The stock has a market cap of $16.12 billion, a PE ratio of -171.19, a P/E/G ratio of 11.80 and a beta of 0.84. The company has a 50 day moving average of $69.81 and a 200-day moving average of $66.66.
Insider Transactions at Nutanix
In other news, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now owns 558,366 shares of the company's stock, valued at approximately $41,877,450. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business's 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 completion of the sale, the director now owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. The trade was a 32.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,610,886 shares of company stock worth $417,646,356. Insiders own 6.80% of the company's stock.
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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