Hsbc Holdings PLC Acquires 88,145 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Hsbc Holdings PLC increased its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 143.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,740 shares of the technology company's stock after buying an additional 88,145 shares during the period. Hsbc Holdings PLC owned about 0.06% of Nutanix worth $9,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Harbour Investments Inc. lifted its stake in shares of Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of 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 buying an additional 256 shares in the last quarter. Principal Securities Inc. grew its position in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after buying an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Nutanix in the fourth quarter worth $40,000. Finally, Larson Financial Group LLC increased its position in shares of Nutanix by 28.6% during 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 in the last quarter. Institutional investors own 85.25% of the company's stock.

Insiders Place Their Bets

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the sale, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is owned by corporate insiders.

Nutanix Stock Up 2.2 %

NTNX stock opened at $67.16 on Monday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The firm has a market cap of $17.91 billion, a P/E ratio of -191.89, a PEG ratio of 11.80 and a beta of 0.84. The company's 50-day simple moving average is $67.82 and its 200-day simple moving average is $66.82.

Analysts Set New Price Targets

Several research analysts recently issued reports on NTNX shares. Wells Fargo & Company increased their price target on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Needham & Company LLC lifted their target price on shares of Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Piper Sandler reduced their target price on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Nutanix has a consensus rating of "Buy" and a consensus target price 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.

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