Natixis Advisors LLC lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,247 shares of the technology company's stock after purchasing an additional 3,888 shares during the period. Natixis Advisors LLC's holdings in Nutanix were worth $1,422,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its position 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 buying an additional 321 shares in the last quarter. Citigroup Inc. increased its holdings in Nutanix by 22.8% in the 3rd quarter. Citigroup Inc. now owns 155,129 shares of the technology company's stock worth $9,191,000 after acquiring an additional 28,853 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new stake in Nutanix in the 3rd quarter worth $226,000. Cerity Partners LLC raised its position in Nutanix by 159.9% during the third quarter. Cerity Partners LLC now owns 43,972 shares of the technology company's stock worth $2,605,000 after acquiring an additional 27,053 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after purchasing an additional 281 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.
Nutanix Price Performance
Shares of NTNX traded down $0.94 during mid-day trading on Friday, reaching $71.02. The stock had a trading volume of 2,088,434 shares, compared to its average volume of 2,479,353. The firm has a market cap of $18.94 billion, a price-to-earnings ratio of -202.91, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The business's fifty day moving average is $70.38 and its 200 day moving average is $66.38.
Insider Buying and Selling at Nutanix
In other news, 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 sale, the director now directly owns 3,050 shares of the company's stock, valued at approximately $232,288. The trade was a 69.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now directly owns 558,366 shares of the company's stock, valued at $41,877,450. The trade was a 1.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,886 shares of company stock worth $417,646,356 over the last quarter. 6.80% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on Nutanix and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley raised their target price on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Raymond James set a $83.00 price target on Nutanix in a research note on Thursday, February 27th. Finally, Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $87.79.
View Our Latest Stock Analysis on NTNX
About Nutanix
(
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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