Schroder Investment Management Group Buys 192,949 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Schroder Investment Management Group grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 24.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 986,462 shares of the technology company's stock after buying an additional 192,949 shares during the period. Schroder Investment Management Group owned approximately 0.37% of Nutanix worth $60,736,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its holdings in Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. Freedom Investment Management Inc. increased its position in shares of Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company's stock valued at $230,000 after purchasing an additional 151 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after purchasing an additional 188 shares in the last quarter. Principal Securities Inc. lifted its position in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the period. Finally, Allworth Financial LP boosted its stake in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after buying an additional 256 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

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Nutanix Price Performance

Shares of NASDAQ:NTNX traded down $6.28 during midday trading on Friday, reaching $58.50. The company's stock had a trading volume of 4,450,783 shares, compared to its average volume of 2,489,955. The business's fifty day simple moving average is $70.53 and its 200-day simple moving average is $66.64. The company has a market capitalization 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. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 3,050 shares in the company, valued at $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,610,886 shares of company stock worth $417,646,356. Corporate insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NTNX. UBS Group increased their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Morgan Stanley lifted their price objective on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Finally, Wells Fargo & Company raised their target price on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. One investment 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 company's stock. Based on data from MarketBeat.com, Nutanix currently has an average rating of "Buy" and a consensus target price of $87.79.

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.