Mitsubishi UFJ Trust & Banking Corp Purchases Shares of 148,914 Nutanix, Inc. (NASDAQ:NTNX)

Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 148,914 shares of the technology company's stock, valued at approximately $9,111,000. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Nutanix as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock worth $1,568,447,000 after purchasing an additional 146,854 shares during the last quarter. Geode Capital Management LLC grew its holdings in Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock worth $245,968,000 after acquiring an additional 22,091 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock valued at $166,886,000 after acquiring an additional 374,328 shares during the period. Two Sigma Advisers LP raised its stake 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 valued at $166,730,000 after acquiring an additional 695,567 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock worth $88,271,000 after purchasing an additional 33,980 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

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Nutanix Trading Down 8.8 %

Shares of NTNX stock traded down $6.30 on Thursday, hitting $65.07. 466,767 shares of the stock were exchanged, compared to its average volume of 2,472,744. The firm's 50 day moving average is $70.66 and its two-hundred day moving average is $66.60. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The firm has a market capitalization of $17.35 billion, a PE ratio of -185.93, a P/E/G ratio of 11.80 and a beta of 1.04.

Insider Buying and Selling at Nutanix

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the transaction, the director now directly owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,886 shares of company stock valued at $417,646,356 over the last three months. 6.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler lifted their target price on Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Needham & Company LLC increased their target price on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a research note on Thursday, February 27th. Royal Bank of Canada lifted their target price on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, UBS Group increased their price target on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $87.79.

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.