Siemens Fonds Invest GmbH Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Siemens Fonds Invest GmbH purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,027 shares of the technology company's stock, valued at approximately $552,000.

Several other institutional investors have also added to or reduced their stakes in NTNX. Norges Bank bought a new position in shares of Nutanix during the 4th quarter valued at $195,758,000. Pictet Asset Management Holding SA grew its position in shares of 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 in the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Nutanix during the fourth quarter valued at about $91,639,000. Contour Asset Management LLC purchased a new position in shares of Nutanix during the fourth quarter valued at about $87,318,000. Finally, Raymond James Financial Inc. purchased a new position in Nutanix in the fourth quarter worth about $86,824,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTNX has been the topic of a number of research reports. UBS Group raised their target price 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. Barclays set a $94.00 price target on shares of Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Morgan Stanley reissued an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Raymond James downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Finally, Northland Capmk upgraded shares of Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $90.38.

Insider Buying and Selling at Nutanix

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the transaction, the chief executive officer now 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 a total of 5,568,797 shares of company stock valued at $415,209,003 in the last three months. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Down 0.8%

Shares of Nutanix stock traded down $0.59 during trading hours on Friday, hitting $75.26. 4,886,279 shares of the company's stock traded hands, compared to its average volume of 2,542,390. The stock has a 50 day simple moving average of $70.30 and a 200-day simple moving average of $68.82. The company has a market cap of $20.07 billion, a PE ratio of -215.03, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $83.36.

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.