Oppenheimer Asset Management Inc. increased its stake in Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,457 shares of the technology company’s stock after purchasing an additional 1,626 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Nutanix were worth $584,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in NTNX. Vanguard Group Inc. boosted its stake in shares of Nutanix by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company’s stock worth $626,094,000 after buying an additional 1,116,856 shares during the last quarter. Generation Investment Management LLP boosted its position in Nutanix by 4.8% in the fourth quarter. Generation Investment Management LLP now owns 22,080,454 shares of the technology company’s stock worth $575,196,000 after purchasing an additional 1,019,395 shares during the last quarter. BlackRock Inc. increased its position in shares of Nutanix by 1.2% during the 1st quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock valued at $260,245,000 after purchasing an additional 117,982 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Nutanix by 178.9% in the 4th quarter. First Trust Advisors LP now owns 6,028,318 shares of the technology company’s stock worth $156,970,000 after purchasing an additional 3,866,565 shares during the period. Finally, State Street Corp boosted its holdings in shares of Nutanix by 6.1% in the first quarter. State Street Corp now owns 3,380,055 shares of the technology company’s stock worth $90,653,000 after buying an additional 195,522 shares during the last quarter. Institutional investors own 78.74% of the company’s stock.
Analyst Ratings Changes
NTNX has been the subject of a number of research reports. Bank of America upped their target price on shares of Nutanix from $31.00 to $34.00 in a report on Thursday, May 25th. KeyCorp cut their price target on Nutanix from $38.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, August 11th. OTR Global downgraded Nutanix to a “positive” rating in a research note on Thursday, May 18th. Royal Bank of Canada boosted their price objective on Nutanix from $33.00 to $38.00 in a research note on Thursday, May 25th. Finally, Barclays raised their target price on shares of Nutanix from $34.00 to $38.00 in a research note on Thursday, May 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.50.
Nutanix Price Performance
NTNX stock opened at $29.59 on Monday. The company’s fifty day moving average price is $29.14 and its 200-day moving average price is $27.49. Nutanix, Inc. has a one year low of $17.26 and a one year high of $33.73.
About Nutanix
Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.
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