9,700 Shares in Nutanix, Inc. (NASDAQ:NTNX) Bought by Katamaran Capital LLP

Katamaran Capital LLP acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,700 shares of the technology company's stock, valued at approximately $593,000. Nutanix makes up 0.8% of Katamaran Capital LLP's portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its holdings in Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after purchasing an additional 188 shares during the period. Principal Securities Inc. raised its stake in shares of Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Nutanix by 5.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock worth $282,000 after purchasing an additional 249 shares during the period. Finally, Allworth Financial LP lifted its position in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after purchasing an additional 256 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the firm'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 transaction, the director now directly owns 3,050 shares in the company, valued at $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NTNX shares. Needham & Company LLC boosted their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on shares of Nutanix in a research report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Nutanix currently has an average rating of "Buy" and a consensus price target of $86.93.

Nutanix Price Performance

Shares of NTNX stock traded down $3.87 during trading hours on Thursday, reaching $61.90. 1,149,725 shares of the company were exchanged, compared to its average volume of 2,501,625. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The stock's fifty day moving average is $69.94 and its two-hundred day moving average is $66.65. The company has a market cap of $16.51 billion, a price-to-earnings ratio of -176.88, a P/E/G ratio of 11.80 and a beta of 0.84.

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.