King Luther Capital Management Corp lifted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 29.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 640,126 shares of the technology company's stock after purchasing an additional 145,893 shares during the period. King Luther Capital Management Corp owned approximately 0.24% of Nutanix worth $39,163,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in NTNX. Daiwa Securities Group Inc. raised its holdings in shares of Nutanix by 39.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 24,804 shares of the technology company's stock worth $1,518,000 after acquiring an additional 6,964 shares during the period. Larson Financial Group LLC raised its position in Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after purchasing an additional 146 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Nutanix in the fourth quarter valued at approximately $40,000. Andra AP fonden bought a new stake in shares of Nutanix in the fourth quarter worth $5,219,000. Finally, Candriam S.C.A. grew its holdings in Nutanix by 31.1% during the 4th quarter. Candriam S.C.A. now owns 4,792 shares of the technology company's stock worth $293,000 after acquiring an additional 1,137 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Nutanix
In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the company's stock in a transaction that occurred on 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 disclosure for this sale can be found here. In the last quarter, insiders sold 5,684,917 shares of company stock valued at $422,452,901. Corporate insiders own 6.80% of the company's stock.
Nutanix Stock Performance
Shares of NASDAQ NTNX traded up $2.75 during midday trading on Friday, hitting $69.47. 2,952,872 shares of the company traded hands, compared to its average volume of 2,454,922. The stock has a 50-day moving average price of $68.46 and a 200 day moving average price of $65.37. The firm has a market cap of $18.61 billion, a P/E ratio of -198.49, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Oppenheimer lifted their price target on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley lifted their price target on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Needham & Company LLC lifted their price target on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Piper Sandler upped their price target on shares of Nutanix from $83.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nutanix presently has a consensus rating of "Buy" and a consensus price target of $87.79.
Check Out Our Latest Research Report on NTNX
Nutanix Company Profile
(
Free Report)
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.
See Also
Before you consider Nutanix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nutanix wasn't on the list.
While Nutanix currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
