Thornburg Investment Management Inc. Has $12.80 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Thornburg Investment Management Inc. grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,170 shares of the technology company's stock after acquiring an additional 26,232 shares during the period. Thornburg Investment Management Inc. owned about 0.08% of Nutanix worth $12,797,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Siemens Fonds Invest GmbH acquired a new stake in shares of Nutanix during the 4th quarter valued at approximately $552,000. Shell Asset Management Co. increased its stake in Nutanix by 15.4% during the fourth quarter. Shell Asset Management Co. now owns 10,152 shares of the technology company's stock valued at $621,000 after purchasing an additional 1,357 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Nutanix by 22.2% during the fourth quarter. Rafferty Asset Management LLC now owns 16,383 shares of the technology company's stock worth $1,002,000 after purchasing an additional 2,973 shares during the period. Raiffeisen Bank International AG bought a new position in shares of Nutanix in the 4th quarter worth about $70,000. Finally, ProShare Advisors LLC boosted its holdings in shares of Nutanix by 4.5% in the 4th quarter. ProShare Advisors LLC now owns 5,865 shares of the technology company's stock valued at $359,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was 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 represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now owns 3,050 shares of the company's stock, valued at $232,288. The trade was a 69.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,575,797 shares of company stock worth $415,742,123. 6.80% of the stock is owned by corporate insiders.

Nutanix Price Performance

Shares of NTNX traded down $0.18 during trading hours on Friday, hitting $79.69. The stock had a trading volume of 554,961 shares, compared to its average volume of 2,461,836. The stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of -227.67, a P/E/G 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's fifty day moving average is $69.70 and its two-hundred day moving average is $68.46.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley restated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a research note on Tuesday. Needham & Company LLC boosted their price objective on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Wells Fargo & Company raised their target price on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and an average price target of $88.23.

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.