Handelsbanken Fonder AB Purchases 402,800 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Handelsbanken Fonder AB lifted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 1,019.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 442,300 shares of the technology company's stock after purchasing an additional 402,800 shares during the period. Handelsbanken Fonder AB owned approximately 0.18% of Nutanix worth $21,093,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Segantii Capital Management Ltd acquired a new stake in shares of Nutanix during the third quarter worth $2,672,000. Lisanti Capital Growth LLC acquired a new stake in shares of Nutanix during the third quarter worth $7,135,000. Allspring Global Investments Holdings LLC raised its position in shares of Nutanix by 641.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 57,174 shares of the technology company's stock worth $1,994,000 after purchasing an additional 49,465 shares during the period. Raymond James & Associates grew its holdings in shares of Nutanix by 306.0% during the fourth quarter. Raymond James & Associates now owns 73,765 shares of the technology company's stock valued at $3,518,000 after buying an additional 55,596 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Nutanix by 1,038.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 102,983 shares of the technology company's stock valued at $3,592,000 after buying an additional 93,934 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

In other news, insider Tyler Wall sold 15,000 shares of the company's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $62.25, for a total transaction of $933,750.00. Following the completion of the sale, the insider now owns 13,168 shares in the company, valued at approximately $819,708. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO David Sangster sold 12,545 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $63.04, for a total transaction of $790,836.80. Following the completion of the transaction, the chief operating officer now owns 70,192 shares of the company's stock, valued at approximately $4,424,903.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tyler Wall sold 15,000 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the transaction, the insider now directly owns 13,168 shares of the company's stock, valued at approximately $819,708. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,506 shares of company stock worth $8,270,938. 0.46% of the stock is owned by corporate insiders.

Nutanix Stock Performance

Shares of NTNX traded up $1.21 during trading hours on Tuesday, hitting $61.07. 2,930,637 shares of the company were exchanged, compared to its average volume of 2,764,299. The company has a market cap of $14.92 billion, a PE ratio of -166.28 and a beta of 1.29. The firm's 50 day moving average is $61.91 and its 200-day moving average is $50.96. Nutanix, Inc. has a 52 week low of $23.34 and a 52 week high of $66.99.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. As a group, equities analysts forecast that Nutanix, Inc. will post -0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America lifted their price target on Nutanix from $55.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, February 29th. JPMorgan Chase & Co. lifted their price target on Nutanix from $54.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, February 26th. Susquehanna lifted their price target on Nutanix from $60.00 to $75.00 and gave the company a "positive" rating in a report on Wednesday, April 10th. KeyCorp lifted their price target on Nutanix from $68.00 to $69.00 and gave the company an "overweight" rating in a report on Thursday, February 29th. Finally, Morgan Stanley lifted their price target on Nutanix from $58.00 to $63.00 and gave the company an "equal weight" rating in a report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $65.17.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.