First Trust Advisors LP Boosts Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

First Trust Advisors LP grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 9.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,498,768 shares of the technology company’s stock after buying an additional 297,754 shares during the period. First Trust Advisors LP owned 1.31% of Nutanix worth $214,055,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock worth $1,568,447,000 after purchasing an additional 146,854 shares in the last quarter. Renaissance Technologies LLC increased its stake in Nutanix by 6.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company’s stock worth $270,348,000 after buying an additional 268,400 shares during the period. Geode Capital Management LLC lifted its holdings in Nutanix by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company’s stock worth $263,275,000 after buying an additional 163,874 shares in the last quarter. Norges Bank purchased a new position in Nutanix in the 4th quarter valued at about $195,758,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of Nutanix by 6,785.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company’s stock valued at $130,885,000 after acquiring an additional 2,108,269 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NTNX shares. Raymond James set a $83.00 target price on shares of Nutanix in a research report on Thursday, February 27th. Piper Sandler cut their price objective on Nutanix from $88.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Wells Fargo & Company raised their price objective on Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Finally, UBS Group increased their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $87.85.

Insider Transactions at Nutanix

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were 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. The trade was a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the sale, the director now owns 3,050 shares of the company’s stock, valued at approximately $232,288. The trade was a 69.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,610,592 shares of company stock valued at $417,628,260. Corporate insiders own 6.80% of the company’s stock.

Nutanix Trading Down 0.4 %

NASDAQ NTNX opened at $61.63 on Friday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The stock’s 50 day moving average is $68.62 and its two-hundred day moving average is $66.74. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of -176.09, a PEG ratio of 11.80 and a beta of 0.84.

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.