Stephens Investment Management Group LLC Grows Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Stephens Investment Management Group LLC boosted its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 235.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 544,516 shares of the technology company's stock after buying an additional 382,232 shares during the period. Stephens Investment Management Group LLC owned approximately 0.20% of Nutanix worth $33,313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning raised its position in Nutanix by 45.8% during the second quarter. Creative Planning now owns 10,955 shares of the technology company's stock valued at $623,000 after purchasing an additional 3,440 shares during the period. GAMMA Investing LLC raised its position in Nutanix by 45.7% during the third quarter. GAMMA Investing LLC now owns 1,359 shares of the technology company's stock valued at $81,000 after purchasing an additional 426 shares during the period. CWM LLC raised its position in Nutanix by 148.3% during the third quarter. CWM LLC now owns 28,958 shares of the technology company's stock valued at $1,716,000 after purchasing an additional 17,294 shares during the period. Inspire Investing LLC raised its position in Nutanix by 22.8% during the third quarter. Inspire Investing LLC now owns 44,606 shares of the technology company's stock valued at $2,643,000 after purchasing an additional 8,287 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in Nutanix during the third quarter valued at approximately $27,000. 85.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group assumed coverage on Nutanix in a research report on Thursday, December 12th. They set a "buy" rating and a $81.00 price objective on the stock. Barclays upped their price objective on Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Piper Sandler upped their price objective on Nutanix from $77.00 to $83.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Finally, StockNews.com downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a report on Sunday, February 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $79.50.

Nutanix Stock Performance

Shares of Nutanix stock traded down $1.31 on Wednesday, hitting $70.28. The company's stock had a trading volume of 1,264,634 shares, compared to its average volume of 1,904,891. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80. The firm has a fifty day moving average price of $65.62 and a 200-day moving average price of $62.34. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of -200.80, a price-to-earnings-growth ratio of 11.60 and a beta of 1.17.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction dated 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 sale, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the sale, the chief financial officer now owns 190,882 shares in the company, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 177,917 shares of company stock worth $12,114,781. Insiders own 6.80% of the company's stock.

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.