Candriam S.C.A. Has $293,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

Candriam S.C.A. lifted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 31.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,792 shares of the technology company’s stock after purchasing an additional 1,137 shares during the quarter. Candriam S.C.A.’s holdings in Nutanix were worth $293,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Nutanix during the fourth quarter worth about $86,824,000. Arizona State Retirement System raised its position in shares of Nutanix by 3.0% during the fourth quarter. Arizona State Retirement System now owns 73,150 shares of the technology company’s stock worth $4,475,000 after purchasing an additional 2,131 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Nutanix during the fourth quarter worth about $6,052,000. Atria Investments Inc raised its position in Nutanix by 41.9% in the 4th quarter. Atria Investments Inc now owns 7,179 shares of the technology company’s stock valued at $439,000 after buying an additional 2,121 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Nutanix by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock valued at $88,271,000 after buying an additional 33,980 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NTNX shares. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Oppenheimer lifted their target price on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their target price on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $87.79.

Nutanix Trading Down 8.5 %

Shares of NASDAQ NTNX opened at $64.39 on Tuesday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The stock has a 50 day moving average of $68.11 and a 200-day moving average of $65.25. The company has a market capitalization of $17.25 billion, a P/E ratio of -183.97, a P/E/G ratio of 11.80 and a beta of 1.04.

Insider Transactions at Nutanix

In related news, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,684,917 shares of company stock worth $422,452,901. 6.80% of the stock is owned by company insiders.

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.