222,697 Shares in Nutanix, Inc. (NASDAQ:NTNX) Acquired by Bridgewater Associates LP

Bridgewater Associates LP purchased a new stake in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 222,697 shares of the technology company’s stock, valued at approximately $13,625,000. Bridgewater Associates LP owned approximately 0.08% of Nutanix as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. Harbour Investments Inc. grew its holdings in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP lifted 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 acquiring an additional 256 shares during the period. Principal Securities Inc. boosted its holdings in Nutanix by 52.4% in the fourth 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 last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Nutanix during the fourth quarter worth about $40,000. Finally, Larson Financial Group LLC grew 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 worth $40,000 after purchasing an additional 146 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Down 1.6 %

Shares of Nutanix stock opened at $61.87 on Thursday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The firm has a market capitalization of $16.50 billion, a P/E ratio of -176.77, a P/E/G ratio of 11.80 and a beta of 0.84. The firm’s 50 day moving average is $69.02 and its two-hundred day moving average is $66.63.

Insider Activity at Nutanix

In other news, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the sale, the director now directly owns 3,050 shares of the company’s stock, valued at $232,288. This trade represents a 69.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were 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 approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,592 shares of company stock valued at $417,628,260 in the last three months. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NTNX has been the subject of several research analyst reports. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Oppenheimer raised their price target on shares of Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Needham & Company LLC lifted their price target on Nutanix from $90.00 to $92.00 and gave the stock a “buy” 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 equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $87.85.

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.