Mercer Global Advisors Inc. ADV Has $706,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

Mercer Global Advisors Inc. ADV grew its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 65.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,532 shares of the technology company's stock after acquiring an additional 4,544 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Nutanix were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NTNX. Harbour Investments Inc. lifted its position in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP grew its position in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after buying an additional 256 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after acquiring an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Nutanix in the 4th quarter worth about $40,000. Finally, Larson Financial Group LLC raised its holdings in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after acquiring an additional 146 shares during the period. Institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction dated 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 directly owns 3,050 shares in the company, valued at $232,288. This trade represents a 69.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,514,740 shares of company stock valued at $410,918,620. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Shares of NASDAQ:NTNX traded up $5.55 on Tuesday, hitting $82.40. The stock had a trading volume of 7,246,782 shares, compared to its average volume of 2,549,753. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of -235.43, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $83.65. The firm's 50 day moving average price is $67.62 and its 200-day moving average price is $67.52.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NTNX. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and upped their price target for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Barclays set a $94.00 price target on shares of Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, UBS Group increased their price objective on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $87.85.

Nutanix Company 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.