Hsbc Holdings PLC Grows Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Hsbc Holdings PLC grew its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 143.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,740 shares of the technology company's stock after purchasing an additional 88,145 shares during the period. Hsbc Holdings PLC owned about 0.06% of Nutanix worth $9,167,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NTNX. Oppenheimer raised their price target on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Piper Sandler cut their price objective on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group increased their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Northland Securities raised shares of Nutanix from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $87.85.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the firm'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 completion of the sale, the director now owns 3,050 shares of the company's stock, valued at approximately $232,288. This represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is currently owned by insiders.

Nutanix Price Performance

Shares of NASDAQ NTNX traded up $2.21 during midday trading on Thursday, reaching $70.91. 2,583,948 shares of the stock traded hands, compared to its average volume of 2,527,412. The stock has a market capitalization of $18.91 billion, a PE ratio of -202.60, a P/E/G ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The company's 50 day moving average is $67.65 and its 200 day moving average is $66.86.

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.