Mariner LLC Raises Stake in Nutanix, Inc. (NASDAQ:NTNX)

Mariner LLC raised its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 70.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,589 shares of the technology company's stock after acquiring an additional 6,439 shares during the quarter. Mariner LLC's holdings in Nutanix were worth $954,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. lifted its position in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares during the period. Allworth Financial LP boosted its position in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after acquiring an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix during the fourth quarter worth $40,000. Finally, Larson Financial Group LLC increased its stake 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 in the last quarter. Institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The shares were 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 $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business'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 transaction 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. This trade represents a 32.63 % 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 quarter. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NTNX. Barclays set a $94.00 price target on Nutanix and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Wells Fargo & Company upped their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Needham & Company LLC lifted 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. Oppenheimer raised their price target on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Nutanix currently has a consensus rating of "Buy" and a consensus price target of $87.85.

Nutanix Stock Performance

NASDAQ:NTNX traded up $0.18 during trading on Wednesday, reaching $68.70. The company's stock had a trading volume of 3,309,046 shares, compared to its average volume of 2,524,250. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The firm has a market cap of $18.32 billion, a price-to-earnings ratio of -196.29, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The firm has a 50 day moving average of $67.67 and a 200-day moving average of $66.85.

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.