Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 42.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 635,114 shares of the technology company’s stock after acquiring an additional 188,827 shares during the quarter. Fisher Asset Management LLC owned about 0.24% of Nutanix worth $38,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NTNX. Bain Capital Investors LLC purchased a new stake in shares of Nutanix during the third quarter worth approximately $998,601,000. Two Sigma Advisers LP increased its stake in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after buying an additional 695,567 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Nutanix by 5,473.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after buying an additional 470,717 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Nutanix by 235.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock worth $33,313,000 after acquiring an additional 382,232 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings 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 in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday. Oppenheimer raised their price target on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $77.00 to $97.00 in a report on Thursday. Wells Fargo & Company raised their target price on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased 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. One research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $87.79.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is owned by corporate insiders.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $76.89 on Monday. The firm’s 50-day moving average is $66.98 and its two-hundred day moving average is $64.38. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.90. The company has a market capitalization of $20.60 billion, a PE ratio of -219.69, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17.

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.