Nutanix, Inc. (NASDAQ:NTNX) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,442,805 shares of the technology company's stock after buying an additional 33,980 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.54% of Nutanix worth $88,271,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NTNX. Bain Capital Investors LLC acquired a new position in Nutanix during the 3rd quarter worth approximately $998,601,000. Champlain Investment Partners LLC lifted its position in shares of Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock worth $354,867,000 after purchasing an additional 215,363 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Nutanix by 0.5% in the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock valued at $245,968,000 after purchasing an additional 22,091 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock valued at $166,886,000 after purchasing an additional 374,328 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock valued at $166,730,000 after purchasing an additional 695,567 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

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Nutanix Trading Up 4.1 %

NASDAQ NTNX traded up $2.75 during trading hours on Friday, reaching $69.47. The company's stock had a trading volume of 2,952,872 shares, compared to its average volume of 2,454,922. The business has a 50-day simple moving average of $68.46 and a 200 day simple moving average of $65.37. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The stock has a market cap of $18.61 billion, a PE ratio of -198.49, a PEG ratio of 11.80 and a beta of 1.04.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NTNX. Morgan Stanley upped their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Needham & Company LLC boosted their price target on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Piper Sandler raised their price objective on Nutanix from $83.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and upped their target price for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Finally, Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $87.79.

Insider Activity at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, the director now owns 45,330 shares of the company's stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. This represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,684,917 shares of company stock worth $422,452,901 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Nutanix 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.