Thornburg Investment Management Inc. Acquires 26,232 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Thornburg Investment Management Inc. lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,170 shares of the technology company's stock after buying an additional 26,232 shares during the period. Thornburg Investment Management Inc. owned approximately 0.08% of Nutanix worth $12,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NTNX. StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Raymond James lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday. Oppenheimer boosted their target price on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley increased their target price on shares of Nutanix from $75.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and an average price target of $88.23.

Insider Buying and Selling at Nutanix

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. Also, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,575,797 shares of company stock worth $415,742,123. Insiders own 6.80% of the company's stock.

Nutanix Trading Down 2.0%

Shares of NTNX traded down $1.65 on Tuesday, reaching $81.42. The company's stock had a trading volume of 2,706,294 shares, compared to its average volume of 2,562,097. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $83.36. The stock has a market capitalization of $21.71 billion, a PE ratio of -232.63, a PEG ratio of 11.80 and a beta of 0.70. The firm has a fifty day moving average of $69.32 and a 200-day moving average of $68.26.

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.