Pinebridge Investments L.P. raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 61.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,461 shares of the technology company's stock after acquiring an additional 56,636 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.06% of Nutanix worth $9,083,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock valued at $1,568,447,000 after purchasing an additional 146,854 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Nutanix by 6.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock valued at $270,348,000 after buying an additional 268,400 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Nutanix by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock valued at $263,275,000 after buying an additional 163,874 shares in the last quarter. First Trust Advisors LP grew its position in shares of Nutanix by 9.3% in the 4th quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock worth $214,055,000 after buying an additional 297,754 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Nutanix during the 4th quarter worth approximately $195,758,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Nutanix
In related news, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction on 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 sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is owned by corporate insiders.
Nutanix Trading Up 2.2 %
Shares of NASDAQ NTNX traded up $1.42 during trading on Friday, reaching $67.16. 1,933,013 shares of the company traded hands, compared to its average volume of 2,523,797. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99. The stock has a market cap of $17.91 billion, a P/E ratio of -191.89, a PEG ratio of 11.80 and a beta of 0.84. The firm's fifty day simple moving average is $67.82 and its 200 day simple moving average is $66.80.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on NTNX shares. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Needham & Company LLC increased their price target on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price target on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, Northland Securities raised shares of Nutanix from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $87.85.
Check Out Our Latest Stock Report on NTNX
About Nutanix
(
Free Report)
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.
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