Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. increased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 112.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,924 shares of the technology company's stock after buying an additional 50,724 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in Nutanix were worth $5,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bain Capital Investors LLC acquired a new position in Nutanix during the 3rd quarter valued at approximately $998,601,000. Champlain Investment Partners LLC grew its holdings in shares of Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock valued at $354,867,000 after buying an additional 215,363 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Nutanix by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock valued at $245,968,000 after acquiring an additional 22,091 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock worth $166,886,000 after acquiring an additional 374,328 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in Nutanix by 32.8% during the 3rd 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.

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Insider Transactions at Nutanix

In other news, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares of the company's stock, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now owns 45,330 shares in the company, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,684,917 shares of company stock valued at $422,452,901 in the last three months. 6.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NTNX shares. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $77.00 to $97.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Raymond James set a $83.00 price objective on shares of Nutanix in a report on Thursday, February 27th. Wells Fargo & Company increased their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $87.79.

Nutanix Stock Performance

Shares of Nutanix stock traded up $2.75 on Friday, hitting $69.47. The company's stock had a trading volume of 2,952,872 shares, compared to its average volume of 2,454,469. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of -198.49, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The firm has a fifty day moving average price of $68.59 and a 200-day moving average price of $65.48. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99.

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.