Landscape Capital Management L.L.C. Increases Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Landscape Capital Management L.L.C. grew its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 363.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,570 shares of the technology company's stock after buying an additional 38,870 shares during the period. Landscape Capital Management L.L.C.'s holdings in Nutanix were worth $3,033,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of NTNX. The Manufacturers Life Insurance Company boosted its stake in Nutanix by 150.6% during the third quarter. The Manufacturers Life Insurance Company now owns 45,765 shares of the technology company's stock worth $2,712,000 after acquiring an additional 27,502 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Nutanix by 75.4% during the 3rd quarter. Captrust Financial Advisors now owns 12,529 shares of the technology company's stock worth $742,000 after purchasing an additional 5,386 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Nutanix by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 114,923 shares of the technology company's stock valued at $6,807,000 after buying an additional 869 shares during the period. Motley Fool Asset Management LLC grew its stake in shares of Nutanix by 9.6% in the 3rd quarter. Motley Fool Asset Management LLC now owns 5,748 shares of the technology company's stock valued at $325,000 after buying an additional 503 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in Nutanix in the 3rd quarter valued at about $1,615,000. Institutional investors and hedge funds own 85.25% of the company's stock.

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Nutanix Price Performance

Shares of Nutanix stock traded up $0.43 on Wednesday, reaching $58.60. 914,594 shares of the company traded hands, compared to its average volume of 2,493,279. The firm has a market capitalization of $15.63 billion, a PE ratio of -167.03, a PEG ratio of 11.80 and a beta of 0.84. The company has a 50 day moving average of $70.05 and a 200 day moving average of $66.62. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 540,463 shares of the company's stock, valued at $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company'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 transaction of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares in the company, 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 valued at $417,646,356. Company insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of research reports. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $77.00 to $97.00 in a research note 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 report on Thursday, February 27th. Oppenheimer raised their price objective on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Buy" and an average target price of $86.93.

About Nutanix

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.