Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in Nutanix, Inc. (NASDAQ:NTNX)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 51,481.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,473 shares of the technology company's stock after acquiring an additional 178,127 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Nutanix worth $11,187,000 as of its most recent SEC filing.

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

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. Needham & Company LLC upped their target price on shares of Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Piper Sandler lifted their price target on shares of Nutanix from $83.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, StockNews.com cut Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued 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 target price of $87.79.

Nutanix Stock Down 9.7 %

Shares of NASDAQ NTNX traded down $6.28 during mid-day trading on Friday, reaching $58.50. 4,450,783 shares of the company were exchanged, compared to its average volume of 2,489,955. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The firm has a 50-day moving average of $70.53 and a 200 day moving average of $66.64. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of -167.14, a P/E/G ratio of 11.80 and a beta of 1.04.

Insiders Place Their Bets

In related news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now directly owns 3,050 shares of the company's stock, valued at $232,288. This represents a 69.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,610,886 shares of company stock worth $417,646,356. 6.80% of the stock is owned by corporate insiders.

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.