Fisher Asset Management LLC Grows Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Fisher Asset Management LLC lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 42.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 635,114 shares of the technology company's stock after buying an additional 188,827 shares during the quarter. Fisher Asset Management LLC owned approximately 0.24% of Nutanix worth $38,856,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NTNX. Bain Capital Investors LLC purchased a new stake in Nutanix in the third quarter worth about $998,601,000. Champlain Investment Partners LLC grew its stake in shares of Nutanix by 3.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company's stock worth $354,867,000 after buying an additional 215,363 shares during the last quarter. Geode Capital Management LLC increased its position in Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company's stock valued at $245,968,000 after buying an additional 22,091 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake 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 valued at $166,886,000 after buying an additional 374,328 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in Nutanix by 32.8% in 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 in the last quarter. 85.25% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Oppenheimer lifted their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Northland Securities raised shares of Nutanix from a "market perform" rating to an "outperform" rating and raised their price target for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Finally, Morgan Stanley upped their price objective on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $87.79.

Insider Transactions at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now directly owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,684,917 shares of company stock worth $422,452,901 in the last quarter. Company insiders own 6.80% of the company's stock.

Nutanix Trading Down 6.5 %

NTNX stock traded down $4.98 during trading on Thursday, reaching $72.12. The stock had a trading volume of 1,411,874 shares, compared to its average volume of 2,276,255. The stock's 50 day moving average is $67.74 and its two-hundred day moving average is $64.82. The firm has a market cap of $19.32 billion, a PE ratio of -206.05, a PEG ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

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.