BI Asset Management Fondsmaeglerselskab A S Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

BI Asset Management Fondsmaeglerselskab A S 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,176 shares of the technology company's stock, valued at approximately $623,000.

Several other institutional investors have also recently bought and sold shares of NTNX. Sanctuary Advisors LLC bought a new position in Nutanix during the third quarter worth about $555,000. Wilmington Savings Fund Society FSB bought a new position in shares of Nutanix during the third quarter valued at about $111,000. Tidal Investments LLC increased its stake in shares of Nutanix by 4.0% in the third quarter. Tidal Investments LLC now owns 22,297 shares of the technology company's stock worth $1,321,000 after buying an additional 862 shares during the period. Versant Capital Management Inc raised its position in Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock valued at $45,000 after purchasing an additional 623 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Nutanix by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 1,691 shares of the technology company's stock valued at $103,000 after purchasing an additional 332 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Up 1.1 %

Shares of NTNX traded up $0.76 during mid-day trading on Monday, reaching $67.92. The company had a trading volume of 756,183 shares, compared to its average volume of 2,517,127. The firm has a fifty day simple moving average of $67.82 and a 200-day simple moving average of $66.82. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of -194.62, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix 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 transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,592 shares of company stock valued at $417,628,260 in the last ninety days. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

NTNX has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Oppenheimer upped their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Raymond James set a $83.00 target price on Nutanix in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Nutanix has a consensus rating of "Buy" and a consensus price target of $87.85.

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.