Malaga Cove Capital LLC Invests $205,000 in Nutanix, Inc. (NASDAQ:NTNX)

Malaga Cove Capital LLC acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,347 shares of the technology company's stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTNX. Larson Financial Group LLC raised its position in Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after purchasing an additional 146 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of Nutanix by 3.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after buying an additional 188 shares during the period. Coldstream Capital Management Inc. grew its position in Nutanix by 5.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,588 shares of the technology company's stock valued at $220,000 after acquiring an additional 196 shares in the last quarter. Principal Securities Inc. increased its stake in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Nutanix by 5.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock worth $282,000 after purchasing an additional 249 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Trading Down 2.3%

Shares of NASDAQ:NTNX traded down $1.93 during trading on Tuesday, hitting $81.15. 821,813 shares of the stock were exchanged, compared to its average volume of 2,455,172. The company has a market cap of $21.64 billion, a PE ratio of -231.67, a P/E/G ratio of 11.80 and a beta of 0.70. The company has a fifty day moving average price of $69.02 and a two-hundred day moving average price of $68.17. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $83.36.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NTNX shares. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Wells Fargo & Company upped their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. StockNews.com cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. Finally, 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. Two 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's stock. Based on data from MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and an average target price of $88.23.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 61,057 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were 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 in the company, valued at $39,287,411. This represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,575,797 shares of company stock valued at $415,742,123 in the last 90 days. 6.80% of the stock is currently owned by insiders.

About Nutanix

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.