Daiwa Securities Group Inc. grew its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,804 shares of the technology company's stock after buying an additional 6,964 shares during the period. Daiwa Securities Group Inc.'s holdings in Nutanix were worth $1,518,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bain Capital Investors LLC acquired a new stake in Nutanix during the 3rd quarter worth approximately $998,601,000. Raymond James Financial Inc. acquired a new position in shares of Nutanix in the 4th quarter valued at approximately $86,824,000. Two Sigma Advisers LP lifted its stake in Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock worth $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Nutanix by 5,473.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock worth $29,325,000 after acquiring an additional 470,717 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in Nutanix by 235.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company's stock worth $33,313,000 after acquiring an additional 382,232 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.
Insider Activity
In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the transaction, the chief executive officer now directly owns 649,034 shares of the company's stock, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,684,917 shares of company stock worth $422,452,901. Company insiders own 6.80% of the company's stock.
Nutanix Stock Up 4.1 %
NASDAQ:NTNX opened at $69.47 on Friday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The company has a fifty day moving average of $68.59 and a 200-day moving average of $65.48. The firm has a market capitalization of $18.61 billion, a P/E ratio of -198.49, a P/E/G ratio of 11.80 and a beta of 1.04.
Wall Street Analyst Weigh In
NTNX has been the topic of several research reports. Oppenheimer upped their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Morgan Stanley boosted their price objective on Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. UBS Group increased their target price on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $87.79.
Read Our Latest Stock Analysis on NTNX
Nutanix Company Profile
(
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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