Federated Hermes Inc. increased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,000,729 shares of the technology company's stock after purchasing an additional 87,775 shares during the quarter. Federated Hermes Inc. owned 0.75% of Nutanix worth $122,551,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Harbour Investments Inc. boosted its position in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after buying an additional 418 shares during the period. Allworth Financial LP grew 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 acquiring an additional 256 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix during the fourth quarter valued at $40,000. Finally, Larson Financial Group LLC grew its holdings in shares of Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after purchasing an additional 146 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.
Nutanix Trading Down 3.0 %
Shares of NTNX stock traded down $1.86 during trading hours on Friday, reaching $60.18. 986,674 shares of the company's stock were exchanged, compared to its average volume of 2,507,249. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The stock's 50 day moving average is $69.81 and its 200-day moving average is $66.66. The company has a market cap of $16.05 billion, a price-to-earnings ratio of -172.10, a P/E/G ratio of 11.80 and a beta of 0.84.
Insider Activity at Nutanix
In related news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the sale, the director now directly owns 3,050 shares in the company, valued at $232,288. This trade represents a 69.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company'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. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,886 shares of company stock valued at $417,646,356 in the last ninety days. Corporate insiders own 6.80% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on NTNX. Piper Sandler decreased their price objective on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday. UBS Group boosted their price target on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company raised their price objective on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $87.85.
Check Out Our Latest 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.
Recommended Stories
Before you consider Nutanix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nutanix wasn't on the list.
While Nutanix currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
