KLP Kapitalforvaltning AS Purchases Shares of 84,300 Nutanix, Inc. (NASDAQ:NTNX)

KLP Kapitalforvaltning AS bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 84,300 shares of the technology company's stock, valued at approximately $5,157,000.

A number of other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in 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 buying an additional 146 shares during the last quarter. Freedom Investment Management Inc. grew its position in shares of Nutanix by 4.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company's stock valued at $230,000 after acquiring an additional 151 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after purchasing an additional 188 shares during the last quarter. Principal Securities Inc. raised its holdings 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 purchasing an additional 199 shares during the period. Finally, Allworth Financial LP lifted its stake in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after purchasing an additional 256 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. StockNews.com cut Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Piper Sandler increased their target price on shares of Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Finally, Needham & Company LLC raised their price objective on shares of Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nutanix has an average rating of "Buy" and a consensus price target of $87.79.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. This represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is owned by corporate insiders.

Nutanix Price Performance

NASDAQ NTNX traded down $0.94 during trading on Friday, reaching $71.02. The company's stock had a trading volume of 2,088,434 shares, compared to its average volume of 2,479,353. The firm has a fifty day moving average of $70.38 and a 200 day moving average of $66.38. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The stock has a market capitalization of $18.94 billion, a PE ratio of -202.91, a P/E/G ratio of 11.80 and a beta of 1.04.

Nutanix Profile

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.