KLP Kapitalforvaltning AS Takes $5.16 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

KLP Kapitalforvaltning AS bought a new position in Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, Holdings Channel.com reports. The fund bought 84,300 shares of the technology company’s stock, valued at approximately $5,157,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbour Investments Inc. increased its holdings in shares of Nutanix by 2,612.5% in 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 in the last quarter. Larson Financial Group LLC grew its holdings in shares of Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the last quarter. Allworth Financial LP raised its position in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

NTNX opened at $74.92 on Wednesday. The company has a market capitalization of $19.98 billion, a PE ratio of -214.06, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The business has a 50-day moving average of $70.01 and a 200-day moving average of $66.17.

Insider Activity at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s 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 sale, the chief executive officer now directly owns 540,463 shares of the company’s stock, 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 quarter, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NTNX shares. Morgan Stanley boosted their price objective on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. UBS Group upped their price target 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. Wells Fargo & Company lifted their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their price target on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.