Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,686 shares of the technology company’s stock after purchasing an additional 7,728 shares during the period. Envestnet Asset Management Inc.’s holdings in Nutanix were worth $2,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbour Investments Inc. boosted its position in Nutanix by 2,612.5% in the 4th 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 last quarter. Allworth Financial LP grew its stake in Nutanix by 123.1% during 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. Principal Securities Inc. increased its holdings in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nutanix in the 4th quarter valued at approximately $40,000. Finally, Larson Financial Group LLC boosted its stake in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after buying an additional 146 shares during the last quarter. 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 95,852 shares of the business’s 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 sale, the chief executive officer now owns 540,463 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction that occurred on 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 trade represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is owned by company insiders.

Nutanix Stock Up 2.2 %

NTNX stock opened at $67.16 on Friday. The firm’s 50-day simple moving average is $67.82 and its 200 day simple moving average is $66.80. The stock has a market cap of $17.91 billion, a PE ratio of -191.89, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Needham & Company LLC upped their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on shares of Nutanix in a research report on Thursday, February 27th. Barclays set a $94.00 price objective on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada raised their price objective on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $87.85.

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.