Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,314,509 shares of the technology company's stock after purchasing an additional 428,171 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.49% of Nutanix worth $80,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTNX. Vanguard Group Inc. grew its position in shares of Nutanix by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock valued at $1,568,447,000 after acquiring an additional 146,854 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Nutanix by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock worth $270,348,000 after purchasing an additional 268,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Nutanix by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock worth $263,275,000 after acquiring an additional 163,874 shares in the last quarter. First Trust Advisors LP raised its stake in Nutanix by 9.3% during the fourth quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock valued at $214,055,000 after purchasing an additional 297,754 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Nutanix in the 4th quarter valued at about $195,758,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 61,057 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer now owns 497,309 shares of the company's stock, valued at approximately $39,287,411. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 completion of the sale, the director now directly owns 11,354,032 shares of the company's stock, 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. Over the last three months, insiders have sold 5,575,797 shares of company stock valued at $415,742,123. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Down 0.2%

Shares of NTNX traded down $0.13 during mid-day trading on Wednesday, reaching $78.87. The company had a trading volume of 4,142,500 shares, compared to its average volume of 2,580,000. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $83.36. The stock has a 50 day moving average of $70.16 and a two-hundred day moving average of $68.70. The stock has a market capitalization of $21.03 billion, a P/E ratio of -225.34, a PEG ratio of 11.80 and a beta of 0.70.

Analysts Set New Price Targets

A number of analysts recently issued reports on NTNX shares. UBS Group raised their price target on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Needham & Company LLC lifted their price objective on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their target price on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Two equities 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.