Siemens Fonds Invest GmbH Takes $552,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

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

A number of other institutional investors also recently modified their holdings of NTNX. Larson Financial Group LLC increased its holdings in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after acquiring an additional 146 shares during the period. True Wealth Design LLC increased its holdings in Nutanix by 13.2% during the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after acquiring an additional 146 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in Nutanix by 0.5% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock worth $2,134,000 after acquiring an additional 159 shares during the period. Avantax Advisory Services Inc. increased its holdings in Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after acquiring an additional 188 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Nutanix by 5.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,588 shares of the technology company's stock worth $220,000 after acquiring an additional 196 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NTNX has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 target price (up previously from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Oppenheimer upped their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Raymond James lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Barclays set a $94.00 target price on shares of Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada upped their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a 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 company's stock. According to data from MarketBeat.com, Nutanix presently has an average rating of "Buy" and an average price target of $90.38.

Nutanix Price Performance

Nutanix stock traded up $0.66 during trading hours on Tuesday, reaching $77.72. The stock had a trading volume of 2,410,164 shares, compared to its average volume of 2,537,299. The stock has a market cap of $20.72 billion, a PE ratio of -222.06, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $83.36. The company has a fifty day simple moving average of $70.49 and a 200-day simple moving average of $68.90.

Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the sale, the chief executive officer now owns 497,309 shares of the company's stock, valued at approximately $39,287,411. The trade was a 10.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.