Rhumbline Advisers Purchases 82,484 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Rhumbline Advisers lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 626,894 shares of the technology company's stock after buying an additional 82,484 shares during the period. Rhumbline Advisers owned about 0.23% of Nutanix worth $38,353,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Larson Financial Group LLC lifted its position in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock worth $30,000 after buying an additional 281 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. Versant Capital Management Inc raised its holdings in Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock worth $45,000 after acquiring an additional 623 shares in the last quarter. Berbice Capital Management LLC acquired a new position in Nutanix during the fourth quarter valued at approximately $49,000. Finally, Signaturefd LLC grew its stake in Nutanix by 57.8% in the third quarter. Signaturefd LLC now owns 956 shares of the technology company's stock valued at $57,000 after purchasing an additional 350 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays upped their price objective on Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price target on shares of Nutanix from $60.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Northland Securities restated a "market perform" rating and set a $77.00 price objective (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Needham & Company LLC upped their target price on shares of Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, UBS Group initiated coverage on Nutanix in a report on Thursday, December 12th. They set a "buy" rating and a $81.00 price target for the company. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $79.50.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares of the company's stock, valued at $42,738,888.90. The trade was 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, Director Virginia Gambale sold 6,060 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 177,917 shares of company stock worth $12,114,781 in the last 90 days. Company insiders own 6.80% of the company's stock.

Nutanix Stock Performance

NASDAQ:NTNX traded down $2.35 during mid-day trading on Friday, hitting $69.74. 1,685,671 shares of the stock were exchanged, compared to its average volume of 1,803,922. The firm's 50-day simple moving average is $66.24 and its 200 day simple moving average is $63.23. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of -199.26, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80.

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.