Forsta AP Fonden Buys Shares of 65,900 Nutanix, Inc. (NASDAQ:NTNX)

Forsta AP Fonden acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 65,900 shares of the technology company's stock, valued at approximately $4,032,000.

Several other hedge funds also recently made changes to their positions in NTNX. Freedom Investment Management Inc. grew its holdings in shares of Nutanix by 4.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company's stock worth $230,000 after acquiring an additional 151 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Nutanix by 3.4% in the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company's stock worth $417,000 after acquiring an additional 233 shares during the last quarter. Paragon Capital Management Inc. lifted its holdings in Nutanix by 1.0% in the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company's stock valued at $1,545,000 after purchasing an additional 258 shares in the last quarter. Larson Financial Group LLC boosted its position in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock worth $30,000 after acquiring an additional 281 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Buying and Selling

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the sale, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,065 shares of company stock valued at $5,405,141 over the last three months. Company insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded up $0.65 during trading on Wednesday, reaching $71.59. The company had a trading volume of 1,701,945 shares, compared to its average volume of 2,003,606. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80. The firm has a market capitalization of $19.18 billion, a PE ratio of -204.54, a price-to-earnings-growth ratio of 11.26 and a beta of 1.17. The firm's fifty day moving average is $65.11 and its 200 day moving average is $61.58.

Analyst Upgrades and Downgrades

NTNX has been the subject of several research analyst reports. Northland Securities reaffirmed a "market perform" rating and set a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Needham & Company LLC lifted their price objective on Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Barclays upped their target price on shares of Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $78.87.

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.