AQR Capital Management LLC Has $133.25 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

AQR Capital Management LLC raised its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,177,956 shares of the technology company's stock after buying an additional 314,060 shares during the quarter. AQR Capital Management LLC owned 0.81% of Nutanix worth $133,247,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NTNX. Norges Bank bought a new position in Nutanix during the fourth quarter worth about $195,758,000. Pictet Asset Management Holding SA grew its position in shares of Nutanix by 6,785.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock worth $130,885,000 after purchasing an additional 2,108,269 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Nutanix during the fourth quarter worth approximately $91,639,000. Raymond James Financial Inc. acquired a new stake in shares of Nutanix in the fourth quarter valued at approximately $86,824,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Nutanix by 5,473.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock valued at $29,325,000 after buying an additional 470,717 shares during the period. Institutional investors own 85.25% of the company's stock.

Insider Activity

In other news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction on Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares in the company, valued at $37,832,410. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,592 shares of company stock valued at $417,628,260 in the last ninety days. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NTNX shares. Needham & Company LLC raised their price objective on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Royal Bank of Canada boosted their target price on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company increased their price target on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Nutanix has an average rating of "Buy" and a consensus price target of $87.85.

Nutanix Stock Up 0.9 %

Shares of NASDAQ NTNX opened at $68.52 on Wednesday. The company has a market capitalization of $18.27 billion, a PE ratio of -195.77, a P/E/G ratio of 11.80 and a beta of 0.84. The firm has a fifty day simple moving average of $67.67 and a 200 day simple moving average of $66.85. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

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.

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