Nutanix, Inc. (NASDAQ:NTNX) Stake Boosted by Principal Securities Inc.

Principal Securities Inc. increased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 52.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 579 shares of the technology company’s stock after purchasing an additional 199 shares during the period. Principal Securities Inc.’s holdings in Nutanix were worth $35,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in Nutanix by 122.7% in the third 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 period. Advisors Asset Management Inc. increased its holdings in shares of Nutanix by 150.7% in 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 period. Versant Capital Management Inc increased its holdings in shares of Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares during the period. Berbice Capital Management LLC bought a new stake in Nutanix in the 4th quarter valued at about $49,000. Finally, True Wealth Design LLC boosted its stake in Nutanix by 10,930.0% during the 3rd quarter. True Wealth Design LLC now owns 1,103 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,093 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,917 shares of company stock worth $12,114,781. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on NTNX. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Needham & Company LLC lifted their target price on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer boosted their price target on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley increased their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $87.79.

Nutanix Price Performance

NASDAQ NTNX opened at $76.89 on Friday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.90. The company has a market capitalization of $20.60 billion, a P/E ratio of -219.69, a PEG ratio of 11.80 and a beta of 1.17. The company’s 50 day simple moving average is $66.98 and its 200 day simple moving average is $64.20.

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.