Nuveen Asset Management LLC lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX – Get Rating) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,343,761 shares of the technology company’s stock after purchasing an additional 41,149 shares during the period. Nuveen Asset Management LLC owned 0.59% of Nutanix worth $27,990,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its holdings in shares of Nutanix by 690.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 86,200 shares of the technology company’s stock valued at $1,796,000 after acquiring an additional 75,300 shares in the last quarter. AXA S.A. acquired a new position in Nutanix during the 3rd quarter valued at about $1,147,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Nutanix in the 3rd quarter worth approximately $136,000. Pictet Asset Management SA raised its holdings in shares of Nutanix by 28.1% in the 3rd quarter. Pictet Asset Management SA now owns 16,521 shares of the technology company’s stock worth $344,000 after purchasing an additional 3,625 shares during the period. Finally, Cipher Capital LP bought a new stake in shares of Nutanix in the 3rd quarter worth approximately $414,000. Institutional investors and hedge funds own 76.95% of the company’s stock.
Nutanix Price Performance
NTNX stock opened at $28.25 on Wednesday. The company’s 50 day moving average is $27.56 and its two-hundred day moving average is $25.81. Nutanix, Inc. has a twelve month low of $13.44 and a twelve month high of $33.73.
Insider Activity
In other news, insider Tyler Wall sold 9,906 shares of the stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $30.51, for a total transaction of $302,232.06. Following the completion of the transaction, the insider now directly owns 138,256 shares in the company, valued at approximately $4,218,190.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Tyler Wall sold 9,906 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $30.51, for a total transaction of $302,232.06. Following the completion of the transaction, the insider now owns 138,256 shares of the company’s stock, valued at $4,218,190.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Craig Conway sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $30.38, for a total value of $759,500.00. Following the transaction, the director now directly owns 33,363 shares of the company’s stock, valued at approximately $1,013,567.94. The disclosure for this sale can be found here. Insiders sold a total of 324,686 shares of company stock valued at $9,538,498 in the last 90 days. 0.43% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on NTNX. Bank of America upped their price target on shares of Nutanix from $24.00 to $33.00 in a report on Thursday, December 1st. Barclays raised their target price on shares of Nutanix to $34.00 in a research note on Friday, December 2nd. Royal Bank of Canada raised their target price on shares of Nutanix from $24.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, November 28th. Needham & Company LLC raised their target price on shares of Nutanix from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. Finally, Wells Fargo & Company lifted their price target on shares of Nutanix from $20.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 1st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.58.
About Nutanix
Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
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