Vanguard Group Inc. Boosts Stake in Nutanix, Inc. (NASDAQ:NTNX)

Vanguard Group Inc. raised its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,636,598 shares of the technology company’s stock after acquiring an additional 146,854 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Nutanix worth $1,568,447,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NTNX. Harbour Investments Inc. raised its stake in 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 increased its holdings in shares of 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 buying an additional 281 shares during the last quarter. Allworth Financial LP raised 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 valued at $31,000 after buying an additional 256 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings 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 acquiring an additional 321 shares during the last quarter. Finally, Principal Securities Inc. grew its position in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after acquiring an additional 199 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX stock opened at $71.96 on Friday. The firm has a market cap of $19.19 billion, a P/E ratio of -205.60, a P/E/G ratio of 11.80 and a beta of 1.04. The business’s 50 day moving average price is $70.26 and its 200-day moving average price is $66.26. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

Wall Street Analyst Weigh In

NTNX has been the subject of several research analyst reports. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Morgan Stanley upped their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Northland Securities raised shares of 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 research note on Thursday, February 27th. One investment 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. According to data from MarketBeat, Nutanix presently has a consensus rating of “Buy” and a consensus target price of $87.79.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,886 shares of company stock worth $417,646,356 over the last quarter. 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.