Legal & General Group Plc Raises Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Legal & General Group Plc grew its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 60.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 949,226 shares of the technology company's stock after buying an additional 357,520 shares during the period. Legal & General Group Plc owned 0.35% of Nutanix worth $58,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings in Nutanix by 2,612.5% in 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 in the last quarter. Allworth Financial LP raised its stake 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 buying an additional 256 shares in the last quarter. Principal Securities Inc. lifted its holdings in Nutanix by 52.4% in the fourth 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 period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nutanix during the 4th quarter valued at approximately $40,000. Finally, Larson Financial Group LLC boosted its position in Nutanix by 28.6% during 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. Institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of Nutanix stock traded up $2.46 during trading on Tuesday, hitting $62.85. 2,485,628 shares of the company's stock traded hands, compared to its average volume of 2,513,478. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The business has a 50-day simple moving average of $69.35 and a 200-day simple moving average of $66.69. The stock has a market capitalization of $16.76 billion, a P/E ratio of -179.57, a PEG ratio of 11.80 and a beta of 0.84.

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Insider Transactions at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the business's 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 completion of the sale, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the transaction, the chief executive officer now owns 558,366 shares in the company, valued at approximately $41,877,450. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,610,592 shares of company stock worth $417,628,260 over the last three months. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NTNX. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and raised their target price for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Wells Fargo & Company boosted their target price on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on shares of Nutanix in a research note on Thursday, February 27th. Royal Bank of Canada boosted their price objective on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Oppenheimer raised their target price on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target 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.