Robeco Institutional Asset Management B.V. Raises Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Robeco Institutional Asset Management B.V. lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 146,261 shares of the technology company's stock after buying an additional 29,074 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Nutanix worth $8,948,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of Nutanix during the third quarter valued at $27,000. Larson Financial Group LLC raised its position in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after acquiring an additional 281 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in 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 grew its position in Nutanix by 587.7% in 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. Finally, Berbice Capital Management LLC acquired a new position in shares of Nutanix during the 4th quarter worth $49,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NASDAQ NTNX traded up $0.75 during mid-day trading on Friday, reaching $68.76. 3,346,125 shares of the company's stock were exchanged, compared to its average volume of 1,757,100. The firm has a market capitalization of $18.42 billion, a price-to-earnings ratio of -196.46, a price-to-earnings-growth ratio of 11.09 and a beta of 1.16. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80. The firm has a 50-day moving average price of $65.22 and a two-hundred day moving average price of $61.18.

Insider Activity

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the sale, the chief executive officer now owns 649,034 shares of the company's stock, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Virginia Gambale sold 6,060 shares of the business'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 completion of the transaction, the director now directly owns 45,330 shares of the company's stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,065 shares of company stock valued at $5,405,141 in the last 90 days. Insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NTNX. Oppenheimer began coverage on Nutanix in a report on Wednesday, November 13th. They set an "outperform" rating and a $80.00 target price on the stock. Piper Sandler boosted their target price on Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Barclays boosted their price objective on Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their target price on Nutanix from $60.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.87.

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.