Mariner LLC Acquires 6,439 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Mariner LLC raised its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 70.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,589 shares of the technology company's stock after purchasing an additional 6,439 shares during the period. Mariner LLC's holdings in Nutanix were worth $954,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NTNX. Norges Bank acquired a new stake in Nutanix during the fourth quarter valued at approximately $195,758,000. Pictet Asset Management Holding SA raised its position in shares of Nutanix by 6,785.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock valued at $130,885,000 after acquiring an additional 2,108,269 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in Nutanix during the fourth quarter worth about $91,639,000. Raymond James Financial Inc. bought a new position in Nutanix during the 4th quarter worth approximately $86,824,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Nutanix by 5,473.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock valued at $29,325,000 after buying an additional 470,717 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

Nutanix stock opened at $67.16 on Monday. The company's 50-day moving average is $67.82 and its 200-day moving average is $66.82. The firm has a market capitalization of $17.91 billion, a PE ratio of -191.89, a P/E/G ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NTNX shares. Barclays set a $94.00 price objective on shares of Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price target on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Royal Bank of Canada boosted their target price on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, UBS Group raised their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Nutanix currently has an average rating of "Buy" and a consensus price target of $87.85.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value 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 $845,988,924.32. The trade was a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 3,050 shares of the company's stock, valued at approximately $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,610,592 shares of company stock valued at $417,628,260 over the last three months. Insiders own 6.80% of the company's stock.

Nutanix Company 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.

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