Contour Asset Management LLC acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,427,238 shares of the technology company's stock, valued at approximately $87,318,000. Nutanix accounts for about 2.5% of Contour Asset Management LLC's holdings, making the stock its 18th largest holding. Contour Asset Management LLC owned about 0.53% of Nutanix at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Nutanix during the 4th quarter worth about $195,758,000. Pictet Asset Management Holding SA boosted its position in Nutanix by 6,785.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock valued at $130,885,000 after purchasing an additional 2,108,269 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Nutanix during the fourth quarter valued at approximately $91,639,000. Raymond James Financial Inc. bought a new position in Nutanix in the fourth quarter valued at approximately $86,824,000. Finally, Cadian Capital Management LP raised its stake in shares of Nutanix by 68.5% during the 4th quarter. Cadian Capital Management LP now owns 1,455,792 shares of the technology company's stock worth $89,065,000 after purchasing an additional 591,892 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on NTNX shares. Raymond James set a $83.00 target price on shares of Nutanix in a research note on Thursday, February 27th. Needham & Company LLC lifted their price objective on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. UBS Group upped their target price on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Oppenheimer boosted their price target on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. One 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 stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $87.85.
Check Out Our Latest Stock Analysis on Nutanix
Insiders Place Their Bets
In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction 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 sale, the director now owns 3,050 shares of the company's stock, valued at approximately $232,288. This trade represents a 69.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the transaction, the chief executive officer now directly owns 558,366 shares of the company's stock, valued at $41,877,450. This trade represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,514,740 shares of company stock worth $410,918,620 over the last ninety days. Corporate insiders own 6.80% of the company's stock.
Nutanix Price Performance
Nutanix stock traded up $0.68 during mid-day trading on Friday, reaching $75.10. 1,298,364 shares of the company were exchanged, compared to its average volume of 2,521,404. The company has a fifty day simple moving average of $67.62 and a 200-day simple moving average of $67.33. The firm has a market cap of $20.03 billion, a PE ratio of -214.57, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99.
About Nutanix
(
Free Report)
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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