Siemens Fonds Invest GmbH Makes New $552,000 Investment in Nutanix, Inc. (NASDAQ:NTNX)

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

A number of other institutional investors and hedge funds have also made changes to their positions in NTNX. Harbour Investments Inc. lifted its stake in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after buying an additional 418 shares during the last quarter. Colonial Trust Co SC acquired a new position in shares of Nutanix in the fourth quarter worth about $28,000. Allworth Financial LP lifted its holdings in shares of Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. boosted its position in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after acquiring an additional 199 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nutanix in the 4th quarter worth approximately $40,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now owns 3,050 shares of the company's stock, valued at approximately $232,288. The trade was a 69.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 61,057 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the completion of the sale, the chief executive officer now owns 497,309 shares in the company, valued at $39,287,411. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,575,797 shares of company stock worth $415,742,123 in the last ninety days. Insiders own 6.80% of the company's stock.

Nutanix Trading Down 0.2%

NTNX traded down $0.12 during midday trading on Friday, reaching $79.74. The company's stock had a trading volume of 496,854 shares, compared to its average volume of 2,558,278. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $83.36. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of -227.87, a PEG ratio of 11.80 and a beta of 0.70. The stock's 50-day moving average is $69.70 and its 200-day moving average is $68.46.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NTNX shares. Barclays set a $94.00 price target on Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price objective on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research 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. Finally, Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.23.

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.