Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,311,000 shares of the technology company’s stock after buying an additional 163,874 shares during the period. Geode Capital Management LLC owned 1.61% of Nutanix worth $263,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. AG increased its position in shares of Nutanix by 40.2% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 21,364 shares of the technology company’s stock worth $1,307,000 after purchasing an additional 6,126 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Nutanix by 13.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,558,817 shares of the technology company’s stock worth $95,368,000 after buying an additional 186,889 shares in the last quarter. Pier 88 Investment Partners LLC acquired a new stake in shares of Nutanix in the fourth quarter valued at about $474,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Nutanix by 5.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company’s stock worth $282,000 after buying an additional 249 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in Nutanix by 24.3% during the fourth quarter. Schroder Investment Management Group now owns 986,462 shares of the technology company’s stock worth $60,736,000 after acquiring an additional 192,949 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the sale, the chief executive officer now owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the transaction, the director now owns 3,050 shares of the company’s stock, valued at $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,610,886 shares of company stock worth $417,646,356 in the last three months. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NTNX. JPMorgan Chase & Co. raised their target price on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Royal Bank of Canada boosted their price objective on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Raymond James set a $83.00 target price on Nutanix in a research note on Thursday, February 27th. Finally, StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $87.79.

Nutanix Stock Down 9.7 %

NTNX opened at $58.50 on Friday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The business has a fifty day simple moving average of $70.53 and a 200-day simple moving average of $66.64. The firm has a market cap of $15.60 billion, a P/E ratio of -167.14, a P/E/G ratio of 11.80 and a beta of 1.04.

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.