11,700 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,700 shares of the technology company's stock, valued at approximately $716,000.

A number of other institutional investors have also recently added to or reduced their stakes in NTNX. ORG Wealth Partners LLC acquired a new stake in Nutanix during the 3rd quarter valued at $27,000. Larson Financial Group LLC boosted its position in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after buying an additional 281 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after acquiring an additional 321 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock valued at $45,000 after acquiring an additional 623 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new position in shares of Nutanix in the fourth quarter worth about $49,000. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Trading Down 0.5 %

NASDAQ:NTNX traded down $0.32 during mid-day trading on Friday, hitting $70.53. The stock had a trading volume of 1,395,386 shares, compared to its average volume of 1,916,061. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80. The stock has a market capitalization of $18.90 billion, a price-to-earnings ratio of -201.51, a P/E/G ratio of 11.60 and a beta of 1.17. The company has a 50 day simple moving average of $65.40 and a 200-day simple moving average of $61.94.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NTNX. Raymond James lowered their price objective on Nutanix from $83.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Needham & Company LLC increased their price objective on shares of Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Northland Securities reissued a "market perform" rating and issued a $77.00 target price (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Morgan Stanley lifted their price target on Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Finally, StockNews.com cut Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $79.50.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction 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. This trade represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,917 shares of company stock valued at $12,114,781. Insiders own 6.80% of the company's stock.

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.