E. Ohman J or Asset Management AB Purchases Shares of 11,700 Nutanix, Inc. (NASDAQ:NTNX)

E. Ohman J or Asset Management AB purchased a new stake in Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,700 shares of the technology company’s stock, valued at approximately $716,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Freedom Investment Management Inc. lifted its stake in shares of Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after buying an additional 151 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Nutanix by 3.4% during the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after buying an additional 233 shares during the period. Paragon Capital Management Inc. lifted its stake in shares of Nutanix by 1.0% during the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock valued at $1,545,000 after buying an additional 258 shares during the period. Larson Financial Group LLC lifted 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 buying an additional 281 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake 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 buying an additional 321 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 0.9 %

Nutanix stock opened at $71.59 on Thursday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The firm has a fifty day moving average of $65.11 and a 200-day moving average of $61.58. The firm has a market capitalization of $19.18 billion, a P/E ratio of -204.54, a PEG ratio of 11.26 and a beta of 1.17.

Insider Activity at Nutanix

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,065 shares of company stock valued at $5,405,141. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NTNX. Needham & Company LLC upped their price objective on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Oppenheimer started coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. Wells Fargo & Company upped their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Northland Securities reaffirmed a “market perform” rating and set a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Finally, Morgan Stanley upped their price target on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Nutanix 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.