Swiss National Bank Acquires 230,200 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Swiss National Bank raised its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 47.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 711,500 shares of the technology company’s stock after acquiring an additional 230,200 shares during the period. Swiss National Bank owned about 0.27% of Nutanix worth $43,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Larson Financial Group LLC grew its holdings in shares of Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after purchasing an additional 146 shares during the last quarter. Freedom Investment Management Inc. grew its holdings in shares of Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after purchasing an additional 151 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after purchasing an additional 188 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Nutanix by 3.4% in the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after purchasing an additional 233 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Trading Up 4.1 %

Shares of Nutanix stock opened at $69.47 on Monday. The firm has a market capitalization of $18.61 billion, a P/E ratio of -198.49, a P/E/G ratio of 11.80 and a beta of 1.04. The business has a fifty day simple moving average of $68.59 and a two-hundred day simple moving average of $65.66. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NTNX shares. Needham & Company LLC raised their target price on shares of Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. UBS Group lifted their price target on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley lifted their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Finally, Royal Bank of Canada lifted their price target on shares of Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $87.79.

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at $37,832,410. The trade was a 15.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction dated Monday, December 23rd. The stock was 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 represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,621,016 shares of company stock valued at $418,245,020. 6.80% of the stock is currently owned by company insiders.

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.