Natixis Advisors LLC Boosts Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Natixis Advisors LLC raised its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 20.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,247 shares of the technology company’s stock after purchasing an additional 3,888 shares during the period. Natixis Advisors LLC’s holdings in Nutanix were worth $1,422,000 at the end of the most recent reporting period.

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

Nutanix Price Performance

NASDAQ NTNX opened at $74.92 on Wednesday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The firm has a market capitalization of $19.98 billion, a P/E ratio of -214.06, a P/E/G ratio of 11.80 and a beta of 1.04. The business’s 50-day simple moving average is $70.01 and its 200-day simple moving average is $66.17.

Insider Activity at Nutanix

In other 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 value 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 $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares in the company, valued at approximately $41,877,450. The trade was a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,610,886 shares of company stock worth $417,646,356. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on NTNX shares. Needham & Company LLC upped their target price on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Royal Bank of Canada raised their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. UBS Group lifted their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $87.79.

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.