Rakuten Securities Inc. Raises Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Rakuten Securities Inc. boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 3,544.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 911 shares of the technology company’s stock after purchasing an additional 886 shares during the period. Rakuten Securities Inc.’s holdings in Nutanix were worth $56,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NTNX. Larson Financial Group LLC lifted its position in shares of Nutanix by 122.7% in 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 in the last quarter. Allworth Financial LP lifted its position in shares of Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares in the last quarter. Principal Securities Inc. lifted its position in shares of 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 acquiring an additional 199 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Nutanix in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction 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 directly owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,684,917 shares of company stock valued at $422,452,901 over the last quarter. 6.80% of the stock is owned by insiders.

Nutanix Stock Up 1.9 %

NTNX stock opened at $67.77 on Thursday. The business has a fifty day moving average of $68.35 and a two-hundred day moving average of $65.36. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of -193.63, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC raised their target price on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased 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. UBS Group increased their price target on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Barclays set a $94.00 price target on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. One 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.