Wealthfront Advisers LLC Acquires Shares of 73,442 Nutanix, Inc. (NASDAQ:NTNX)

Wealthfront Advisers LLC acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 73,442 shares of the technology company's stock, valued at approximately $4,493,000.

Several other hedge funds have also added to or reduced their stakes in NTNX. Larson Financial Group LLC raised its holdings in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock worth $30,000 after acquiring an additional 281 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after purchasing an additional 256 shares in the last quarter. Advisors Asset Management Inc. raised its stake 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 worth $32,000 after purchasing an additional 321 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix during the fourth quarter valued at $40,000. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Up 2.4 %

NASDAQ NTNX traded up $1.64 on Monday, reaching $71.11. 2,262,726 shares of the stock were exchanged, compared to its average volume of 2,439,230. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The firm has a market capitalization of $19.05 billion, a PE ratio of -203.17, a PEG ratio of 11.80 and a beta of 1.04. The company's 50-day simple moving average is $68.59 and its two-hundred day simple moving average is $65.66.

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Insider Activity

In related news, CFO Rukmini Sivaraman sold 11,810 shares of the business's 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 transaction, the chief financial officer now directly owns 190,882 shares of the company's stock, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $392,263.80. Following the sale, the director now directly owns 45,330 shares of the company's stock, valued at approximately $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. Insiders have sold 5,621,016 shares of company stock worth $418,245,020 in the last three months. Company insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Raymond James set a $83.00 target price on Nutanix in a research report on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company raised their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. One equities 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 stock. According to MarketBeat, Nutanix currently has an average rating of "Buy" and a consensus target price of $87.79.

About Nutanix

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.