Renaissance Technologies LLC Has $270.35 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Renaissance Technologies LLC increased its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 6.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,418,900 shares of the technology company’s stock after buying an additional 268,400 shares during the period. Renaissance Technologies LLC’s holdings in Nutanix were worth $270,348,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. increased its holdings in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after buying an additional 418 shares during the period. Allworth Financial LP boosted 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 valued at $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. increased its stake 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 purchasing an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nutanix during the 4th quarter worth $40,000. Finally, Larson Financial Group LLC boosted its stake in Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at approximately $41,877,450. This represents a 1.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NTNX has been the subject of several research analyst reports. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Morgan Stanley upped their price target on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Needham & Company LLC raised their price objective on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $87.79.

Nutanix Stock Performance

Shares of NTNX stock opened at $58.62 on Tuesday. The company has a market cap of $15.63 billion, a P/E ratio of -167.49, a PEG ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The stock has a 50 day simple moving average of $70.44 and a two-hundred day simple moving average of $66.70.

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.