Artisan Partners Limited Partnership Invests $91.64 Million in Nutanix, Inc. (NASDAQ:NTNX)

Artisan Partners Limited Partnership acquired a new position in Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,497,864 shares of the technology company’s stock, valued at approximately $91,639,000. Artisan Partners Limited Partnership owned 0.56% of Nutanix at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in shares of Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares during the last quarter. Citigroup Inc. lifted its holdings in Nutanix by 22.8% in the third quarter. Citigroup Inc. now owns 155,129 shares of the technology company’s stock valued at $9,191,000 after buying an additional 28,853 shares during the period. Great Valley Advisor Group Inc. bought a new stake in Nutanix during the third quarter valued at $226,000. Cerity Partners LLC grew its holdings in Nutanix by 159.9% during the 3rd quarter. Cerity Partners LLC now owns 43,972 shares of the technology company’s stock worth $2,605,000 after acquiring an additional 27,053 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

NASDAQ NTNX opened at $71.96 on Friday. The company has a fifty day moving average price of $70.26 and a 200-day moving average price of $66.26. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The firm has a market cap of $19.19 billion, a price-to-earnings ratio of -205.60, a PEG ratio of 11.80 and a beta of 1.04.

Wall Street Analyst Weigh In

NTNX has been the topic of several research analyst reports. Barclays set a $94.00 target price on Nutanix and gave the company an “overweight” rating in a research report on Thursday, February 27th. Needham & Company LLC raised their price objective on shares of Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley increased their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. 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 research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $87.79.

Insiders Place Their Bets

In other news, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the sale, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at $41,877,450. The trade was a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,610,886 shares of company stock valued at $417,646,356. Corporate insiders own 6.80% of the company’s stock.

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.