Napean Trading & Investment Co Singapore PTE Ltd Has $4.97 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Napean Trading & Investment Co Singapore PTE Ltd grew its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 102.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,198 shares of the technology company's stock after purchasing an additional 41,103 shares during the quarter. Nutanix comprises approximately 1.2% of Napean Trading & Investment Co Singapore PTE Ltd's investment portfolio, making the stock its 27th biggest position. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Nutanix were worth $4,968,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Harbour Investments Inc. boosted its stake in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares during the period. Allworth Financial LP boosted its position in shares of Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after acquiring an additional 256 shares during the period. Larson Financial Group LLC boosted its position in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after acquiring an additional 281 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after acquiring an additional 321 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after acquiring an additional 199 shares during the period. Institutional investors own 85.25% of the company's stock.

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Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the transaction, the director now owns 3,050 shares in the company, valued at approximately $232,288. The trade was a 69.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,610,886 shares of company stock worth $417,646,356. Insiders own 6.80% of the company's stock.

Nutanix Stock Down 1.3 %

Shares of NTNX stock traded down $0.94 during trading hours on Friday, hitting $71.02. 2,088,434 shares of the company's stock traded hands, compared to its average volume of 2,479,353. The stock has a market cap of $18.94 billion, a PE ratio of -202.91, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The stock's 50 day simple moving average is $70.38 and its 200 day simple moving average is $66.34. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of recent analyst reports. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Raymond James set a $83.00 price objective on shares of Nutanix in a research report on Thursday, February 27th. Needham & Company LLC upped their price objective on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Oppenheimer boosted their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target 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.