Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases New Position in Nutanix, Inc. (NASDAQ:NTNX)

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 67,900 shares of the technology company’s stock, valued at approximately $4,154,000.

Other hedge funds have also bought and sold shares of the company. Versor Investments LP boosted its holdings in shares of Nutanix by 211.7% in the third quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock worth $1,976,000 after acquiring an additional 22,652 shares during the period. Atreides Management LP purchased a new stake in Nutanix during the 3rd quarter worth about $8,290,000. Two Sigma Advisers LP boosted its stake in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares during the period. CIBC Asset Management Inc grew its holdings in Nutanix by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock valued at $453,000 after buying an additional 375 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Nutanix by 101.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company’s stock valued at $2,486,000 after buying an additional 21,086 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Stock Performance

NTNX stock opened at $66.92 on Wednesday. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The company has a market capitalization of $17.93 billion, a PE ratio of -191.20, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. The company’s 50 day moving average price is $66.37 and its two-hundred day moving average price is $63.88.

Insider Buying and Selling

In other news, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,917 shares of company stock worth $12,114,781 in the last 90 days. 6.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NTNX has been the subject of a number of analyst reports. Northland Securities restated a “market perform” rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Piper Sandler boosted their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Needham & Company LLC upped their price target on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group initiated coverage on Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective for the company. Finally, Raymond James reduced their target price on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

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.