42,454 Shares in Nutanix, Inc. (NASDAQ:NTNX) Bought by DnB Asset Management AS

DnB Asset Management AS purchased a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 42,454 shares of the technology company's stock, valued at approximately $2,597,000.

Several other institutional investors have also modified their holdings of NTNX. Harbour Investments Inc. boosted its holdings in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares during the period. Allworth Financial LP raised its position in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after buying an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nutanix during the fourth quarter worth about $40,000. Finally, Larson Financial Group LLC increased its stake in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares in the company, valued at $37,832,410. The trade was a 15.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,610,886 shares of company stock valued at $417,646,356. Insiders own 6.80% of the company's stock.

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Analysts Set New Price Targets

NTNX has been the subject of a number of recent research reports. Northland Securities upgraded shares of 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 note on Thursday, February 27th. Piper Sandler boosted their target price on shares of Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Raymond James set a $83.00 target price on Nutanix in a report on Thursday, February 27th. Wells Fargo & Company lifted their price target on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC increased their price objective on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a 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.com, Nutanix presently has a consensus rating of "Buy" and a consensus target price of $87.79.

Nutanix Trading Down 9.7 %

NTNX stock traded down $6.28 on Friday, hitting $58.50. The company's stock had a trading volume of 4,450,783 shares, compared to its average volume of 2,489,955. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of -167.14, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The firm has a 50 day moving average of $70.53 and a two-hundred day moving average of $66.70. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99.

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.