Renaissance Technologies LLC Raises Position in Nutanix, Inc. (NASDAQ:NTNX)

Renaissance Technologies LLC increased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,418,900 shares of the technology company's stock after purchasing an additional 268,400 shares during the quarter. Renaissance Technologies LLC owned approximately 1.65% of Nutanix worth $270,348,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after acquiring an additional 146 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Nutanix by 3.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after purchasing an additional 188 shares in the last quarter. Principal Securities Inc. increased its position in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Nutanix by 5.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock worth $282,000 after buying an additional 249 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after acquiring an additional 256 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NTNX shares. Oppenheimer raised their target price on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Piper Sandler decreased their price objective on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Needham & Company LLC increased their target price on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $87.85.

Nutanix Trading Down 4.4 %

Shares of NASDAQ NTNX traded down $2.74 on Friday, reaching $59.30. 4,399,701 shares of the company traded hands, compared to its average volume of 2,512,611. The stock has a market capitalization of $15.81 billion, a PE ratio of -169.43, a P/E/G ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The company has a 50 day moving average of $69.57 and a 200 day moving average of $66.68.

Insider Buying and Selling

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,610,886 shares of company stock valued at $417,646,356. Insiders own 6.80% of the company's stock.

Nutanix Company 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.