First Trust Advisors LP Grows Position in Nutanix, Inc. (NASDAQ:NTNX)

First Trust Advisors LP grew its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 9.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,498,768 shares of the technology company's stock after purchasing an additional 297,754 shares during the quarter. First Trust Advisors LP owned about 1.31% of Nutanix worth $214,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NTNX. Sanctuary Advisors LLC purchased a new stake in Nutanix in the third quarter worth $555,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Nutanix during the 3rd quarter valued at $111,000. Tidal Investments LLC grew its position in shares of Nutanix by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 22,297 shares of the technology company's stock worth $1,321,000 after buying an additional 862 shares during the period. Versant Capital Management Inc increased its stake in shares of Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock worth $45,000 after acquiring an additional 623 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Nutanix by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 1,691 shares of the technology company's stock valued at $103,000 after acquiring an additional 332 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NTNX traded up $2.44 during mid-day trading on Thursday, hitting $65.74. 2,202,891 shares of the company traded hands, compared to its average volume of 2,477,609. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of -187.83, a P/E/G ratio of 11.80 and a beta of 0.84. The stock has a 50-day moving average price of $68.02 and a two-hundred day moving average price of $66.70. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction on 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 completion of the sale, the chief executive officer now owns 540,463 shares of the company's stock, valued at $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the 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 in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,610,592 shares of company stock worth $417,628,260. Insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. StockNews.com cut Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Needham & Company LLC raised their price target on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Barclays set a $94.00 price target on shares of Nutanix and gave the stock an "overweight" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $87.85.

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.