Kera Capital Partners Inc. Buys Shares of 4,344 Nutanix, Inc. (NASDAQ:NTNX)

Kera Capital Partners Inc. bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,344 shares of the technology company's stock, valued at approximately $303,000.

Other hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings in Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after acquiring an additional 191 shares during the period. California State Teachers Retirement System grew its position in shares of Nutanix by 64.9% in the fourth quarter. California State Teachers Retirement System now owns 384,469 shares of the technology company's stock valued at $23,522,000 after purchasing an additional 151,308 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Nutanix by 58.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,068 shares of the technology company's stock worth $2,023,000 after purchasing an additional 12,140 shares during the period. Siemens Fonds Invest GmbH bought a new position in shares of Nutanix during the fourth quarter worth approximately $552,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Nutanix during the 4th quarter worth approximately $9,809,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NTNX. Susquehanna upped their price objective on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday. Wells Fargo & Company upped their price target on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. UBS Group raised their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 price objective on shares of Nutanix in a research note on Thursday. Finally, Wall Street Zen raised shares of Nutanix from a "buy" rating to a "strong-buy" rating in a report on Friday. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $90.38.

Nutanix Stock Down 0.8%

Shares of NASDAQ:NTNX traded down $0.59 during midday trading on Friday, hitting $75.26. The stock had a trading volume of 4,886,279 shares, compared to its average volume of 2,556,948. The company's 50-day moving average price is $70.30 and its 200-day moving average price is $68.82. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The company has a market capitalization of $20.07 billion, a P/E ratio of -215.03, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of the firm'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 sale, the chief executive officer now owns 558,366 shares of the company's stock, valued at approximately $41,877,450. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business's 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 directly owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,568,797 shares of company stock valued at $415,209,003 over the last three months. 6.80% of the stock is owned by 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.