Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 2.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,931 shares of the technology company’s stock after acquiring an additional 363 shares during the quarter. Stifel Financial Corp’s holdings in Nutanix were worth $975,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NTNX. Vanguard Group Inc. raised its holdings in shares of Nutanix by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock valued at $1,568,447,000 after buying an additional 146,854 shares during the period. Renaissance Technologies LLC raised its stake in shares of Nutanix by 6.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company’s stock valued at $270,348,000 after purchasing an additional 268,400 shares during the period. Geode Capital Management LLC raised its stake in shares of Nutanix by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company’s stock valued at $263,275,000 after purchasing an additional 163,874 shares during the period. First Trust Advisors LP lifted its position in shares of Nutanix by 9.3% during the fourth quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company’s stock worth $214,055,000 after purchasing an additional 297,754 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Nutanix in the fourth quarter valued at $195,758,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the 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 of the company’s stock, valued at $41,877,450. This trade represents a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,514,740 shares of company stock worth $410,918,620. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTNX. UBS Group upped their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Oppenheimer raised their price target 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. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Raymond James set a $83.00 target price on shares of Nutanix in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $87.85.

Nutanix Trading Up 0.9 %

Shares of Nutanix stock opened at $75.10 on Friday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The stock has a market capitalization of $20.03 billion, a price-to-earnings ratio of -214.57, a PEG ratio of 11.80 and a beta of 0.70. The business’s 50 day simple moving average is $67.62 and its 200-day simple moving average is $67.33.

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.