Plato Investment Management Ltd Purchases 5,072 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Plato Investment Management Ltd lifted its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 1,663.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,377 shares of the technology company's stock after buying an additional 5,072 shares during the quarter. Plato Investment Management Ltd's holdings in Nutanix were worth $330,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NTNX. Versor Investments LP increased its stake in Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company's stock worth $1,976,000 after acquiring an additional 22,652 shares during the last quarter. Atreides Management LP purchased a new position in shares of Nutanix during the third quarter worth about $8,290,000. CIBC Asset Management Inc increased its position in shares of Nutanix by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock worth $453,000 after purchasing an additional 375 shares during the last quarter. Two Sigma Advisers LP raised its stake 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 valued at $166,730,000 after purchasing an additional 695,567 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in Nutanix by 10.2% during the third quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company's stock valued at $80,287,000 after purchasing an additional 125,657 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Remove Ads

Nutanix Stock Performance

NASDAQ:NTNX traded down $0.95 during midday trading on Friday, reaching $70.41. 2,761,583 shares of the stock traded hands, compared to its average volume of 2,434,228. The stock has a market capitalization of $18.86 billion, a P/E ratio of -201.17, a PEG ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The company has a fifty day moving average of $68.06 and a 200 day moving average of $65.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NTNX. Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Northland Securities upgraded 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. Royal Bank of Canada lifted their price target on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on Nutanix and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $87.79.

Insider Activity

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares of the company's stock, valued at $42,738,888.90. This represents a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was 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 of the company's stock, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,684,917 shares of company stock valued at $422,452,901. 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.