Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 711,500 shares of the technology company's stock after purchasing an additional 230,200 shares during the period. Swiss National Bank owned 0.27% of Nutanix worth $43,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. raised its position in shares of Nutanix by 3,544.0% during the 4th quarter. Rakuten Securities Inc. now owns 911 shares of the technology company's stock valued at $56,000 after buying an additional 886 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after buying an additional 188 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of Nutanix by 112.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 95,924 shares of the technology company's stock valued at $5,869,000 after buying an additional 50,724 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Nutanix by 408.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,226 shares of the technology company's stock valued at $75,000 after buying an additional 985 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in shares of Nutanix during the 4th quarter valued at approximately $234,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,609,206 shares of company stock valued at $417,458,120. Corporate insiders own 6.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NTNX. Morgan Stanley boosted their target price on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. UBS Group boosted their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Royal Bank of Canada upped their price objective on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Raymond James set a $83.00 target price on shares of Nutanix in a research note on Thursday, February 27th. Finally, Northland Capmk upgraded shares of Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $87.79.

Nutanix Price Performance

Nutanix stock traded down $0.34 during mid-day trading on Thursday, reaching $72.50. The company had a trading volume of 1,689,975 shares, compared to its average volume of 2,438,661. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The company has a market capitalization of $19.33 billion, a P/E ratio of -207.14, a P/E/G ratio of 11.80 and a beta of 1.04. The stock's 50-day simple moving average is $69.10 and its 200-day simple moving average is $65.82.

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.