Sumitomo Mitsui Trust Group Inc. Buys 470,717 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 5,473.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,317 shares of the technology company's stock after acquiring an additional 470,717 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.18% of Nutanix worth $29,325,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in Nutanix during the 3rd quarter worth about $27,000. Larson Financial Group LLC lifted its holdings 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 during the period. Advisors Asset Management Inc. lifted its holdings in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after buying an additional 321 shares during the period. Versant Capital Management Inc lifted its holdings in Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock worth $45,000 after buying an additional 623 shares during the period. Finally, Berbice Capital Management LLC acquired a new position in Nutanix during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Down 0.5 %

NASDAQ NTNX traded down $0.34 during mid-day trading on Friday, hitting $70.47. The company's stock had a trading volume of 1,694,924 shares, compared to its average volume of 1,916,061. The company's 50 day simple moving average is $65.76 and its 200 day simple moving average is $62.70. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of -201.34, a PEG ratio of 11.60 and a beta of 1.17.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group assumed coverage on Nutanix in a report on Thursday, December 12th. They set a "buy" rating and a $81.00 target price on the stock. Oppenheimer assumed coverage on Nutanix in a report on Wednesday, November 13th. They set an "outperform" rating and a $80.00 target price on the stock. Needham & Company LLC lifted their target price on Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. StockNews.com upgraded Nutanix from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their target price on Nutanix from $60.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $79.50.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the business's stock in a transaction dated 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 in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is owned by company 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.