Geode Capital Management LLC Purchases 22,091 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Geode Capital Management LLC boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,147,126 shares of the technology company's stock after acquiring an additional 22,091 shares during the quarter. Geode Capital Management LLC owned 1.56% of Nutanix worth $245,968,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Groupama Asset Managment lifted its holdings in shares of Nutanix by 1.0% during the third quarter. Groupama Asset Managment now owns 707,000 shares of the technology company's stock valued at $41,890,000 after purchasing an additional 7,000 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Nutanix during the 3rd quarter valued at about $2,690,000. Main Management ETF Advisors LLC bought a new position in Nutanix during the 3rd quarter valued at about $1,012,000. XTX Topco Ltd purchased a new stake in shares of Nutanix during the 3rd quarter valued at about $2,810,000. Finally, Two Sigma Advisers LP grew its stake in shares of Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock worth $166,730,000 after acquiring an additional 695,567 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTNX has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Needham & Company LLC increased their price target on Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price target on Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Morgan Stanley upped their price objective on Nutanix from $72.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, Barclays raised their target price on Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $79.00.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now directly owns 192,169 shares of the company's stock, valued at $11,309,145.65. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Nutanix Stock Performance

Shares of NTNX traded down $2.71 during mid-day trading on Friday, reaching $66.05. The stock had a trading volume of 2,422,555 shares, compared to its average volume of 2,619,142. The business has a fifty day moving average of $66.23 and a 200 day moving average of $58.95. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of -188.71, a PEG ratio of 10.14 and a beta of 1.13. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.