Legal & General Group Plc Has $58.07 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Legal & General Group Plc raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 60.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 949,226 shares of the technology company's stock after purchasing an additional 357,520 shares during the quarter. Legal & General Group Plc owned approximately 0.35% of Nutanix worth $58,074,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in Nutanix by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock valued at $88,271,000 after purchasing an additional 33,980 shares in the last quarter. CIBC Asset Management Inc increased its position in Nutanix by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock worth $453,000 after buying an additional 375 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Nutanix by 1,555.9% during the fourth quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company's stock valued at $4,540,000 after purchasing an additional 69,722 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Nutanix during the 4th quarter valued at approximately $299,000. Finally, Sanctuary Advisors LLC grew its stake in 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 acquiring an additional 325 shares in the last quarter. Institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NTNX traded up $0.17 during midday trading on Thursday, reaching $62.04. The stock had a trading volume of 167,912 shares, compared to its average volume of 2,506,633. The firm's 50 day moving average price is $69.02 and its 200-day moving average price is $66.63. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The company has a market capitalization of $16.54 billion, a P/E ratio of -176.74, a P/E/G ratio of 11.80 and a beta of 0.84.

Insider Buying and Selling

In other news, CEO Rajiv Ramaswami sold 7,740 shares of the company's stock in a transaction dated Monday, March 24th. The shares were 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 approximately $41,877,450. This 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 accessible through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now directly owns 3,050 shares of the company's stock, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,610,592 shares of company stock valued at $417,628,260. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

NTNX has been the topic of a number of recent analyst reports. 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. Oppenheimer boosted their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. Finally, Needham & Company LLC increased their price objective on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $87.85.

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.