B. Metzler seel. Sohn & Co. AG Has $1.31 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

B. Metzler seel. Sohn & Co. AG increased its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 40.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,364 shares of the technology company's stock after purchasing an additional 6,126 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Nutanix were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. raised its stake in Nutanix by 13.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,558,817 shares of the technology company's stock valued at $95,368,000 after purchasing an additional 186,889 shares during the period. Pier 88 Investment Partners LLC purchased a new position in shares of Nutanix during the fourth quarter valued at $474,000. O Shaughnessy Asset Management LLC raised its position in Nutanix by 5.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock valued at $282,000 after buying an additional 249 shares during the period. Schroder Investment Management Group raised its position in Nutanix by 24.3% during the fourth quarter. Schroder Investment Management Group now owns 986,462 shares of the technology company's stock valued at $60,736,000 after buying an additional 192,949 shares during the period. Finally, Allstate Corp purchased a new stake in Nutanix in the 4th quarter worth about $443,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Up 3.9 %

Shares of NASDAQ:NTNX traded up $2.26 on Tuesday, reaching $60.88. The company had a trading volume of 838,730 shares, compared to its average volume of 2,486,028. The stock has a market capitalization of $16.23 billion, a P/E ratio of -174.06, a P/E/G ratio of 11.80 and a beta of 0.84. The stock has a 50-day moving average price of $70.44 and a 200 day moving average price of $66.70. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

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Wall Street Analyst Weigh In

NTNX has been the topic of a number of research reports. UBS Group upped their target price on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Wells Fargo & Company lifted their target price on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Piper Sandler cut their price objective on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday. 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 MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $86.93.

Insider Buying and Selling

In related news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction 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 approximately $41,877,450. This represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,610,886 shares of company stock worth $417,646,356. 6.80% of the stock is currently owned by insiders.

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.