Rhumbline Advisers Acquires 82,484 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Rhumbline Advisers boosted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 15.2% during the 4th quarter, HoldingsChannel reports. The fund owned 626,894 shares of the technology company’s stock after purchasing an additional 82,484 shares during the period. Rhumbline Advisers’ holdings in Nutanix were worth $38,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NTNX. Bain Capital Investors LLC purchased a new position in shares of Nutanix in the 3rd quarter worth approximately $998,601,000. Champlain Investment Partners LLC boosted its stake in Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock worth $354,867,000 after buying an additional 215,363 shares during the period. Geode Capital Management LLC increased its position in Nutanix by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after acquiring an additional 22,091 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after acquiring an additional 374,328 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on NTNX shares. Wells Fargo & Company increased their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Raymond James decreased their price target on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Morgan Stanley upped their price objective on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Northland Securities reiterated a “market perform” rating and set a $77.00 target price (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Finally, Barclays upped their price target on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.50.

Nutanix Stock Up 2.5 %

Shares of NASDAQ:NTNX opened at $72.20 on Wednesday. The firm has a 50 day moving average of $65.87 and a 200 day moving average of $62.93. The company has a market capitalization of $19.34 billion, a price-to-earnings ratio of -206.29, a price-to-earnings-growth ratio of 11.60 and a beta of 1.17. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were 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 approximately $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were 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 owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 177,917 shares of company stock valued at $12,114,781. Corporate insiders own 6.80% of the company’s stock.

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.