Meiji Yasuda Asset Management Co Ltd. Purchases New Position in Nutanix, Inc. (NASDAQ:NTNX)

Meiji Yasuda Asset Management Co Ltd. bought a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,190 shares of the technology company's stock, valued at approximately $256,000.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Nutanix during the 4th quarter valued at approximately $205,000. Napean Trading & Investment Co Singapore PTE Ltd lifted its stake in Nutanix by 102.5% in the fourth quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 81,198 shares of the technology company's stock worth $4,968,000 after acquiring an additional 41,103 shares during the period. Vanguard Group Inc. boosted its stake in shares of Nutanix by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock valued at $1,568,447,000 after purchasing an additional 146,854 shares in the last quarter. LPL Financial LLC boosted its position in Nutanix by 4.8% during the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock valued at $4,389,000 after acquiring an additional 3,276 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its holdings in shares of Nutanix by 5.4% during the 4th quarter. Fox Run Management L.L.C. now owns 17,185 shares of the technology company's stock worth $1,051,000 after acquiring an additional 885 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares in the company, valued at $37,832,410. The trade was a 15.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the company's 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 $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,610,886 shares of company stock valued at $417,646,356 over the last three months. 6.80% of the stock is owned by company insiders.

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Analyst Ratings Changes

Several research firms recently weighed in on NTNX. Barclays set a $94.00 price target on Nutanix and gave the company an "overweight" rating in a research report on Thursday, February 27th. Oppenheimer boosted their target price on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Raymond James set a $83.00 price objective on shares of Nutanix in a research note on Thursday, February 27th. Morgan Stanley raised their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Finally, Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note 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's stock. According to data from MarketBeat.com, Nutanix has a consensus rating of "Buy" and a consensus price target of $87.79.

Nutanix Trading Up 1.4 %

Shares of NASDAQ NTNX traded up $0.97 during trading hours on Wednesday, hitting $70.77. 437,130 shares of the company traded hands, compared to its average volume of 2,379,070. The company's 50 day moving average price is $70.56 and its 200 day moving average price is $66.56. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The stock has a market capitalization of $18.87 billion, a price-to-earnings ratio of -202.20, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

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.