Metis Global Partners LLC bought a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,264 shares of the technology company's stock, valued at approximately $506,000.
Other hedge funds also recently modified their holdings of the company. Bain Capital Investors LLC purchased a new stake in shares of Nutanix during the third quarter worth $998,601,000. Two Sigma Advisers LP raised its holdings in shares of Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock worth $166,730,000 after acquiring an additional 695,567 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Nutanix by 5,473.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock worth $29,325,000 after acquiring an additional 470,717 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Nutanix by 235.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company's stock worth $33,313,000 after acquiring an additional 382,232 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Nutanix by 15.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock worth $166,886,000 after acquiring an additional 374,328 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on NTNX. StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. Needham & Company LLC raised their target price on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their target price on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-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 given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $87.79.
View Our Latest Research Report on NTNX
Nutanix Stock Performance
Shares of NASDAQ:NTNX traded down $0.95 during midday trading on Friday, hitting $70.41. The company's stock had a trading volume of 2,761,583 shares, compared to its average volume of 2,431,172. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of -201.17, a PEG ratio of 11.80 and a beta of 1.04. The stock's 50 day simple moving average is $68.06 and its 200 day simple moving average is $65.08. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.
Insider Buying and Selling
In related news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at approximately $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. Insiders have sold a total of 5,684,917 shares of company stock valued at $422,452,901 over the last three months. 6.80% of the stock is owned by corporate insiders.
Nutanix Company Profile
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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.
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