Inceptionr LLC Has $326,000 Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Inceptionr LLC cut its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 58.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,331 shares of the technology company’s stock after selling 7,596 shares during the quarter. Inceptionr LLC’s holdings in Nutanix were worth $326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bain Capital Investors LLC acquired a new position in Nutanix during the third quarter worth about $998,601,000. Raymond James Financial Inc. bought a new stake in shares of Nutanix during the 4th quarter valued at approximately $86,824,000. Two Sigma Advisers LP increased its position in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Nutanix by 5,473.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after purchasing an additional 470,717 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in Nutanix by 235.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock valued at $33,313,000 after purchasing an additional 382,232 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Down 1.3 %

NTNX opened at $70.41 on Monday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The company has a fifty day moving average of $68.06 and a 200-day moving average of $65.16. The stock has a market cap of $18.86 billion, a PE ratio of -201.17, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Wall Street Analysts Forecast Growth

NTNX has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a report on Thursday, February 27th. UBS Group upped their target price on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $77.00 to $97.00 in a report 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $87.79.

Insiders Place Their Bets

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,684,917 shares of company stock worth $422,452,901. Company insiders own 6.80% of the company’s stock.

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.