Rhumbline Advisers Buys 52,616 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Rhumbline Advisers boosted its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 679,510 shares of the technology company's stock after acquiring an additional 52,616 shares during the period. Rhumbline Advisers owned 0.25% of Nutanix worth $47,437,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Doliver Advisors LP grew its holdings in Nutanix by 30.3% in the 1st quarter. Doliver Advisors LP now owns 8,885 shares of the technology company's stock worth $620,000 after acquiring an additional 2,065 shares during the last quarter. GAMMA Investing LLC grew its holdings in Nutanix by 11,327.2% in the 1st quarter. GAMMA Investing LLC now owns 193,234 shares of the technology company's stock worth $13,490,000 after acquiring an additional 191,543 shares during the last quarter. Versant Capital Management Inc grew its holdings in Nutanix by 972.7% in the 1st quarter. Versant Capital Management Inc now owns 7,820 shares of the technology company's stock worth $546,000 after acquiring an additional 7,091 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in shares of Nutanix during the 1st quarter valued at about $303,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

NASDAQ:NTNX traded up $1.20 during mid-day trading on Thursday, hitting $78.34. 2,561,906 shares of the company's stock were exchanged, compared to its average volume of 2,527,509. Nutanix, Inc. has a one year low of $43.35 and a one year high of $83.36. The business has a fifty day moving average price of $70.62 and a 200 day moving average price of $68.96. The company has a market cap of $20.89 billion, a PE ratio of -223.83, a P/E/G ratio of 11.80 and a beta of 0.70.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NTNX. Barclays set a $94.00 target price on shares of Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Royal Bank of Canada lifted their target price on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wall Street Zen raised shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 30th. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Finally, Susquehanna lifted their target price on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Nutanix has an average rating of "Buy" and an average price target of $90.38.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.80% of the company's stock.

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.