Korea Investment CORP Purchases New Position in Nutanix, Inc. (NASDAQ:NTNX)

Korea Investment CORP acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 224,478 shares of the technology company’s stock, valued at approximately $13,734,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Harbour Investments Inc. increased its stake in shares of Nutanix by 2,612.5% during the fourth 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. Larson Financial Group LLC increased its position in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares during the period. Allworth Financial LP raised 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. Advisors Asset Management Inc. lifted its position 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 purchasing an additional 321 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Buying and Selling at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares of the company’s stock, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610,886 shares of company stock worth $417,646,356. 6.80% of the stock is currently owned by insiders.

Nutanix Price Performance

NASDAQ NTNX opened at $71.02 on Monday. The company has a market cap of $18.94 billion, a price-to-earnings ratio of -202.91, a PEG ratio of 11.80 and a beta of 1.04. The stock’s fifty day moving average price is $70.38 and its 200 day moving average price is $66.42. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Morgan Stanley raised 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 Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Oppenheimer lifted their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. One investment 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 stock. According to data from MarketBeat.com, Nutanix currently has a consensus rating of “Buy” and an average target price of $87.79.

About Nutanix

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.