King Luther Capital Management Corp Has $39.16 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

King Luther Capital Management Corp grew its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 29.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 640,126 shares of the technology company’s stock after buying an additional 145,893 shares during the period. King Luther Capital Management Corp owned approximately 0.24% of Nutanix worth $39,163,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Larson Financial Group LLC lifted its stake in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in Nutanix by 4.0% during the 3rd 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 in the last quarter. Principal Securities Inc. grew its holdings in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after acquiring an additional 233 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Price Performance

NASDAQ:NTNX opened at $64.39 on Tuesday. The firm has a market capitalization of $17.25 billion, a PE ratio of -183.97, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The business’s fifty day moving average price is $68.11 and its 200 day moving average price is $65.25. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NTNX shares. Raymond James set a $83.00 target price on Nutanix in a research report on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and upped their price target for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price target on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Nutanix currently has a consensus rating of “Buy” and a consensus target price of $87.79.

Insider Transactions at Nutanix

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,684,917 shares of company stock worth $422,452,901. Company insiders own 6.80% of the company’s stock.

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.