Driehaus Capital Management LLC Grows Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Driehaus Capital Management LLC lifted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 902,630 shares of the technology company's stock after purchasing an additional 77,327 shares during the quarter. Driehaus Capital Management LLC owned about 0.34% of Nutanix worth $55,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new stake in Nutanix during the 4th quarter worth $195,758,000. Pictet Asset Management Holding SA boosted its stake in 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 valued at $130,885,000 after acquiring an additional 2,108,269 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Nutanix in the 4th quarter valued at about $91,639,000. Contour Asset Management LLC acquired a new position in Nutanix in the fourth quarter worth about $87,318,000. Finally, Raymond James Financial Inc. bought a new position in Nutanix during the 4th quarter worth approximately $86,824,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Up 1.9 %

NTNX opened at $73.70 on Thursday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The firm has a 50-day moving average price of $67.72 and a two-hundred day moving average price of $67.15. The stock has a market capitalization of $19.65 billion, a PE ratio of -210.57, a PEG ratio of 11.80 and a beta of 0.70.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their price objective on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. UBS Group lifted their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their price target on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Barclays set a $94.00 target price on Nutanix and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $87.85.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. This represents a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $232,288. This represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,514,740 shares of company stock valued at $410,918,620. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Company 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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