Principal Financial Group Inc. Has $1.42 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Principal Financial Group Inc. raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,154 shares of the technology company's stock after buying an additional 5,664 shares during the period. Principal Financial Group Inc.'s holdings in Nutanix were worth $1,417,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NTNX. Bain Capital Investors LLC acquired a new position in Nutanix during the third quarter worth about $998,601,000. Champlain Investment Partners LLC grew its holdings in Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock worth $354,867,000 after acquiring an additional 215,363 shares during the period. Geode Capital Management LLC grew its holdings in Nutanix by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock worth $245,968,000 after acquiring an additional 22,091 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Nutanix by 15.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company's stock worth $166,886,000 after acquiring an additional 374,328 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock worth $166,730,000 after acquiring an additional 695,567 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

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Analyst Upgrades and Downgrades

NTNX has been the topic of a number of recent research reports. UBS Group lifted 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. Royal Bank of Canada lifted their target price on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. StockNews.com cut Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. Finally, Needham & Company LLC lifted their target price on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a 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 given a strong buy rating to the stock. According to MarketBeat, Nutanix has an average rating of "Buy" and an average target price of $87.79.

Insiders Place Their Bets

In related news, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction dated Tuesday, December 17th. The shares were 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. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,684,917 shares of company stock valued at $422,452,901 over the last 90 days. 6.80% of the stock is currently owned by company insiders.

Nutanix Trading Down 1.3 %

Nutanix stock traded down $0.95 during trading hours on Friday, reaching $70.41. 2,761,583 shares of the company were exchanged, compared to its average volume of 2,431,172. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of -201.17, a PEG ratio of 11.80 and a beta of 1.04. The stock has a 50-day moving average of $68.06 and a 200 day moving average of $65.08. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99.

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.