160,324 Shares in Nutanix, Inc. (NASDAQ:NTNX) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 160,324 shares of the technology company's stock, valued at approximately $9,809,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Nutanix as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Larson Financial Group LLC raised its holdings in shares of 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 grew its stake in shares of Nutanix by 13.2% during the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after purchasing an additional 146 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of 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 in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of 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 buying an additional 188 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in Nutanix by 5.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,588 shares of the technology company's stock valued at $220,000 after acquiring an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Performance

Nutanix stock traded down $0.58 during midday trading on Wednesday, reaching $77.14. The company's stock had a trading volume of 1,503,208 shares, compared to its average volume of 2,527,372. The firm has a market capitalization of $20.57 billion, a PE ratio of -220.40, a P/E/G ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $83.36. The stock's 50 day simple moving average is $70.62 and its 200 day simple moving average is $68.96.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NTNX. JPMorgan Chase & Co. boosted their price objective on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 price target on shares of Nutanix in a research report on Thursday, May 29th. Barclays set a $94.00 price objective on shares of Nutanix and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Wall Street Zen upgraded shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Oppenheimer boosted their price target on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $90.38.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the transaction, the chief executive officer now owns 558,366 shares of the company's stock, valued at $41,877,450. The trade was a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company 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.