Elo Mutual Pension Insurance Co Buys Shares of 27,842 Nutanix, Inc. (NASDAQ:NTNX)

Elo Mutual Pension Insurance Co purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,842 shares of the technology company's stock, valued at approximately $1,703,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTNX. Advisors Asset Management Inc. increased its holdings in Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after buying an additional 321 shares during the last quarter. Citigroup Inc. raised its position in shares of Nutanix by 22.8% in the third quarter. Citigroup Inc. now owns 155,129 shares of the technology company's stock valued at $9,191,000 after purchasing an additional 28,853 shares during the period. Cerity Partners LLC lifted its stake in shares of Nutanix by 159.9% in the third quarter. Cerity Partners LLC now owns 43,972 shares of the technology company's stock worth $2,605,000 after buying an additional 27,053 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock worth $30,000 after buying an additional 281 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Nutanix by 296.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 17,840 shares of the technology company's stock worth $1,057,000 after acquiring an additional 13,340 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the sale, the chief executive officer now owns 558,366 shares in the company, valued at approximately $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now directly owns 11,354,032 shares of the company's stock, valued at approximately $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. Insiders sold a total of 5,610,886 shares of company stock worth $417,646,356 over the last 90 days. 6.80% of the stock is owned by insiders.

Nutanix Stock Down 9.0 %

NTNX traded down $6.45 during trading on Thursday, hitting $64.92. The company's stock had a trading volume of 546,358 shares, compared to its average volume of 2,473,367. The firm's 50 day moving average price is $70.66 and its two-hundred day moving average price is $66.60. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The stock has a market capitalization of $17.31 billion, a price-to-earnings ratio of -185.49, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group boosted their price objective on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Needham & Company LLC increased their price objective on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Oppenheimer boosted their target price 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. JPMorgan Chase & Co. increased their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Morgan Stanley boosted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Nutanix has a consensus rating of "Buy" and an average price target of $87.79.

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.