Jupiter Asset Management Ltd. Has $5.87 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Jupiter Asset Management Ltd. grew its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 112.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,924 shares of the technology company’s stock after acquiring an additional 50,724 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Nutanix were worth $5,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. Freedom Investment Management Inc. increased its holdings in shares of Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after acquiring an additional 151 shares in the last quarter. Principal Securities Inc. increased 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 acquiring an additional 199 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Nutanix by 3.4% during the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after buying an additional 233 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NTNX shares. Piper Sandler upped their price target on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Morgan Stanley upped their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Barclays set a $94.00 price target on Nutanix and gave the stock an “overweight” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on Nutanix in a report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price objective on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $87.79.

Nutanix Stock Performance

Shares of NTNX opened at $66.72 on Friday. The stock’s 50-day simple moving average is $68.46 and its 200 day simple moving average is $65.37. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of -190.63, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.

Insider Buying and Selling

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $409,805,000.00. Following the completion of the transaction, 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. In the last quarter, insiders have sold 5,684,917 shares of company stock valued at $422,452,901. Corporate insiders own 6.80% of the company’s stock.

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.