BI Asset Management Fondsmaeglerselskab A S Makes New $623,000 Investment in Nutanix, Inc. (NASDAQ:NTNX)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 10,176 shares of the technology company's stock, valued at approximately $623,000.

A number of other institutional investors have also added to or reduced their stakes in NTNX. Charles Schwab Investment Management Inc. boosted its stake in shares of Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock valued at $88,271,000 after purchasing an additional 33,980 shares in the last quarter. CIBC Asset Management Inc increased its position in Nutanix by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock valued at $453,000 after acquiring an additional 375 shares during the period. Pacer Advisors Inc. increased its position in Nutanix by 1,555.9% in the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company's stock valued at $4,540,000 after acquiring an additional 69,722 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Nutanix during the fourth quarter valued at $299,000. Finally, Sanctuary Advisors LLC grew its stake in shares of Nutanix by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock worth $593,000 after purchasing an additional 325 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Up 1.1 %

NASDAQ:NTNX traded up $0.76 during trading hours on Tuesday, hitting $68.65. 153,087 shares of the company's stock traded hands, compared to its average volume of 2,509,909. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The business's fifty day simple moving average is $67.74 and its two-hundred day simple moving average is $66.84. The firm has a market cap of $18.31 billion, a P/E ratio of -195.59, a P/E/G ratio of 11.80 and a beta of 0.84.

Insider Buying and Selling at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 3,050 shares of the company's stock, valued at $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 5,610,592 shares of company stock valued at $417,628,260 in the last 90 days. Corporate insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NTNX. UBS Group lifted their target price on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a research note on Thursday, February 27th. Needham & Company LLC raised their price target on shares of Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Oppenheimer upped their price objective on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutanix has a consensus rating of "Buy" and an average target price of $87.85.

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.