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

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

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Nutanix by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock worth $88,271,000 after purchasing an additional 33,980 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Nutanix by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock valued at $453,000 after acquiring an additional 375 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Nutanix by 1,555.9% in the fourth quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company's stock worth $4,540,000 after acquiring an additional 69,722 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Nutanix by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock valued at $593,000 after purchasing an additional 325 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in Nutanix during the fourth quarter valued at approximately $2,258,000. Institutional investors own 85.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NTNX shares. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Susquehanna upped their target price on shares of Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a report on Thursday, May 29th. UBS Group lifted their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Northland Securities raised shares of Nutanix from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $90.38.

Nutanix Stock Up 0.9%

NTNX stock traded up $0.66 during midday trading on Tuesday, hitting $77.72. The company's stock had a trading volume of 2,404,240 shares, compared to its average volume of 2,542,405. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $83.36. The company has a 50 day moving average of $70.38 and a two-hundred day moving average of $68.84. The firm has a market capitalization of $20.72 billion, a price-to-earnings ratio of -222.06, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the sale, the chief executive officer now directly owns 497,309 shares of the company's stock, valued at approximately $39,287,411. The trade was 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 hyperlink. Corporate insiders own 6.80% of the company's stock.

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.