Woodline Partners LP Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Woodline Partners LP acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 306,694 shares of the technology company's stock, valued at approximately $18,764,000. Woodline Partners LP owned approximately 0.11% of Nutanix at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vident Advisory LLC increased its position in shares of Nutanix by 44.7% in the fourth quarter. Vident Advisory LLC now owns 8,949 shares of the technology company's stock valued at $547,000 after buying an additional 2,764 shares in the last quarter. Tidal Investments LLC increased its position in shares of Nutanix by 11.8% during the fourth quarter. Tidal Investments LLC now owns 24,937 shares of the technology company's stock worth $1,526,000 after purchasing an additional 2,640 shares in the last quarter. Texas Bank & Trust Co purchased a new stake in shares of Nutanix during the fourth quarter worth approximately $275,000. True Wealth Design LLC increased its position 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. Finally, Thornburg Investment Management Inc. increased its position in shares of Nutanix by 14.3% during the fourth quarter. Thornburg Investment Management Inc. now owns 209,170 shares of the technology company's stock worth $12,797,000 after purchasing an additional 26,232 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction on 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. This represents a 69.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the transaction, the director now directly 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. Insiders have sold a total of 5,575,797 shares of company stock valued at $415,742,123 in the last quarter. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Piper Sandler dropped their price target on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. StockNews.com cut Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Morgan Stanley boosted their price target on Nutanix from $75.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. boosted their price target on 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 issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.23.

Nutanix Stock Performance

NASDAQ NTNX opened at $80.00 on Thursday. The stock's fifty day moving average is $69.53 and its two-hundred day moving average is $68.34. The firm has a market capitalization of $21.33 billion, a P/E ratio of -228.57, a price-to-earnings-growth 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.

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.

Want to see what other hedge funds are holding NTNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutanix, Inc. (NASDAQ:NTNX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.