Xponance Inc. Purchases 17,252 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Xponance Inc. grew its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 112.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,604 shares of the technology company's stock after purchasing an additional 17,252 shares during the period. Xponance Inc.'s holdings in Nutanix were worth $1,995,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. lifted its holdings in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares in the last quarter. Larson Financial Group LLC grew its stake in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after purchasing an additional 281 shares in the last quarter. Allworth Financial LP increased its position in shares of Nutanix by 123.1% during 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 during the last quarter. Advisors Asset Management Inc. raised its stake in shares of 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 purchasing an additional 321 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

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Analyst Upgrades and Downgrades

NTNX has been the subject of several recent analyst reports. StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Morgan Stanley upped their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada raised their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Nutanix presently has an average rating of "Buy" and an average price target of $87.79.

Nutanix Stock Performance

Shares of NTNX stock traded down $1.64 during trading on Wednesday, hitting $73.28. The company had a trading volume of 2,483,355 shares, compared to its average volume of 2,429,909. The firm has a market capitalization of $19.54 billion, a P/E ratio of -209.37, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The stock's 50-day moving average price is $70.01 and its 200 day moving average price is $66.17.

Insider Activity

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the sale, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 11,354,032 shares in the company, valued at approximately $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. In the last three months, insiders sold 5,610,886 shares of company stock worth $417,646,356. 6.80% of the stock is currently owned by company insiders.

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.