Fox Run Management L.L.C. Increases Stake in Nutanix, Inc. (NASDAQ:NTNX)

Fox Run Management L.L.C. grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,185 shares of the technology company’s stock after purchasing an additional 885 shares during the quarter. Fox Run Management L.L.C.’s holdings in Nutanix were worth $1,051,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NTNX. Harbour Investments Inc. raised its holdings in Nutanix by 2,612.5% during 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. Larson Financial Group LLC raised its stake in shares of Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after acquiring an additional 281 shares during the last quarter. Allworth Financial LP boosted its holdings 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. boosted 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 worth $32,000 after purchasing an additional 321 shares during the period. Finally, Principal Securities Inc. grew its stake in shares of Nutanix by 52.4% in the fourth 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. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NTNX. Royal Bank of Canada upped their price target on Nutanix from $83.00 to $95.00 and gave the company an “outperform” 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. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Nutanix has an average rating of “Buy” and an average price target of $87.79.

Insider Buying and Selling

In other news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 5,609,206 shares of company stock worth $417,458,120 in the last 90 days. Insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $73.04 on Friday. The company has a 50 day simple moving average of $69.52 and a two-hundred day simple moving average of $65.96. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The company has a market capitalization of $19.48 billion, a price-to-earnings ratio of -208.69, a P/E/G ratio of 11.80 and a beta of 1.04.

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.