Nomura Asset Management Co. Ltd. Acquires New Stake in Nutanix, Inc. (NASDAQ:NTNX)

Nomura Asset Management Co. Ltd. bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 68,980 shares of the technology company's stock, valued at approximately $4,220,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Nutanix during the fourth quarter worth $195,758,000. Artisan Partners Limited Partnership acquired a new position in shares of Nutanix in the fourth quarter worth about $91,639,000. Raymond James Financial Inc. purchased a new stake in shares of Nutanix during the 4th quarter worth about $86,824,000. Two Sigma Advisers LP grew its position in shares of Nutanix by 32.8% during the 3rd 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 period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Nutanix by 5,473.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock valued at $29,325,000 after purchasing an additional 470,717 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the 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 directly owns 540,463 shares in the company, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value 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. The trade was a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,610,886 shares of company stock worth $417,646,356. Insiders own 6.80% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have issued reports on NTNX shares. Barclays set a $94.00 price target on Nutanix and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Royal Bank of Canada lifted their price target on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley boosted their price target on shares of Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Piper Sandler increased their price objective on shares of Nutanix from $83.00 to $88.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" 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 given a strong buy rating to the company. According to MarketBeat, Nutanix has a consensus rating of "Buy" and an average price target of $87.79.

Nutanix Trading Down 9.7 %

NASDAQ:NTNX traded down $6.28 during trading hours on Friday, hitting $58.50. The company had a trading volume of 4,450,783 shares, compared to its average volume of 2,489,955. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The company has a market cap of $15.60 billion, a P/E ratio of -167.14, a P/E/G ratio of 11.80 and a beta of 1.04. The company has a 50-day moving average of $70.53 and a 200 day moving average of $66.70.

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.