First Trust Advisors LP Boosts Holdings in Nutanix, Inc. (NASDAQ:NTNX)

First Trust Advisors LP lifted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,498,768 shares of the technology company's stock after buying an additional 297,754 shares during the period. First Trust Advisors LP owned about 1.31% of Nutanix worth $214,055,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Nutanix in the 4th quarter valued at about $195,758,000. Pictet Asset Management Holding SA lifted its stake in Nutanix by 6,785.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock valued at $130,885,000 after buying an additional 2,108,269 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Nutanix during the 4th quarter worth approximately $91,639,000. Raymond James Financial Inc. acquired a new stake in shares of Nutanix during the 4th quarter worth approximately $86,824,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Nutanix by 5,473.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock valued at $29,325,000 after acquiring an additional 470,717 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Stock Performance

Shares of NASDAQ NTNX traded up $1.49 during mid-day trading on Friday, hitting $67.23. 766,234 shares of the stock traded hands, compared to its average volume of 2,455,631. The company has a market cap of $17.93 billion, a price-to-earnings ratio of -192.02, a PEG ratio of 11.80 and a beta of 0.84. The stock has a fifty day moving average price of $67.92 and a 200-day moving average price of $66.74. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

Analysts Set New Price Targets

Several analysts have recently commented on NTNX shares. Raymond James set a $83.00 target price on Nutanix in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price objective on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Needham & Company LLC boosted their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $87.85.

Insider Buying and Selling

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction 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 $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,592 shares of company stock worth $417,628,260 in the last three months. 6.80% of the stock is owned by corporate insiders.

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.