Geode Capital Management LLC Acquires 163,874 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Geode Capital Management LLC lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 4.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,311,000 shares of the technology company's stock after purchasing an additional 163,874 shares during the quarter. Geode Capital Management LLC owned about 1.61% of Nutanix worth $263,275,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NTNX. Harbour Investments Inc. grew its stake in shares of Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after acquiring an additional 418 shares in the last quarter. Allworth Financial LP raised its holdings in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. boosted its stake in Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nutanix in the fourth quarter valued at about $40,000. Finally, Larson Financial Group LLC grew its stake in shares of Nutanix by 28.6% in the fourth 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. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTNX has been the subject of several analyst reports. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Piper Sandler reduced their price target on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday. UBS Group upped their target price on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Barclays set a $94.00 price target on shares of Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Morgan Stanley increased their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $86.93.

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Nutanix Trading Down 6.4 %

Shares of NTNX traded down $4.23 on Thursday, reaching $61.54. The company's stock had a trading volume of 524,379 shares, compared to its average volume of 2,498,999. The stock has a market capitalization of $16.41 billion, a PE ratio of -176.21, a PEG ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The firm has a fifty day moving average of $69.94 and a 200-day moving average of $66.65.

Insider Transactions at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the sale, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,610,886 shares of company stock worth $417,646,356 in the last quarter. 6.80% of the stock is currently owned by corporate 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.