Dimensional Fund Advisors LP Buys 42,104 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Dimensional Fund Advisors LP increased its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 964,391 shares of the technology company's stock after purchasing an additional 42,104 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.36% of Nutanix worth $59,006,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Nutanix by 9.3% in the 4th quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock valued at $214,055,000 after purchasing an additional 297,754 shares during the period. Forum Financial Management LP bought a new stake in Nutanix during the fourth quarter worth $230,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Nutanix by 79.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 140,322 shares of the technology company's stock valued at $8,579,000 after purchasing an additional 62,189 shares during the period. NewEdge Advisors LLC lifted its position in shares of Nutanix by 83.6% in the fourth quarter. NewEdge Advisors LLC now owns 8,947 shares of the technology company's stock valued at $547,000 after buying an additional 4,074 shares during the last quarter. Finally, Bridgewater Associates LP bought a new position in Nutanix during the fourth quarter worth $13,625,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NTNX. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Needham & Company LLC upped their price target on shares of Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Barclays set a $94.00 target price on shares of Nutanix and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Piper Sandler lowered their price objective on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nutanix presently has an average rating of "Buy" and a consensus price target of $87.85.

Insider Activity

In other news, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,610,592 shares of company stock worth $417,628,260 in the last quarter. 6.80% of the stock is owned by corporate insiders.

Nutanix Trading Down 0.2 %

NTNX stock traded down $0.11 during mid-day trading on Monday, reaching $72.43. The company's stock had a trading volume of 944,749 shares, compared to its average volume of 2,523,124. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The business's 50 day moving average price is $67.81 and its 200 day moving average price is $67.01. The company has a market cap of $19.31 billion, a price-to-earnings ratio of -206.94, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

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.