Ensign Peak Advisors Inc Boosts Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Ensign Peak Advisors Inc boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 42.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,507 shares of the technology company's stock after purchasing an additional 35,209 shares during the quarter. Ensign Peak Advisors Inc's holdings in Nutanix were worth $7,189,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Harbour Investments Inc. increased its holdings in Nutanix by 2,612.5% during 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 in the last quarter. Colonial Trust Co SC bought a new stake in Nutanix during the 4th quarter worth approximately $28,000. Allworth Financial LP grew its stake in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after acquiring an additional 256 shares in the last quarter. Principal Securities Inc. grew 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 worth $35,000 after acquiring an additional 199 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Nutanix during the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. The trade was a 32.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,575,797 shares of company stock worth $415,742,123 in the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NTNX. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and upped their target price for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Oppenheimer upped their target price on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Raymond James set a $83.00 target price on Nutanix in a report on Thursday, February 27th. Royal Bank of Canada upped their target price on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Nutanix has an average rating of "Buy" and a consensus price target of $87.85.

Nutanix Trading Up 2.6%

Shares of NTNX traded up $2.11 during trading hours on Friday, reaching $82.77. 3,398,743 shares of the stock traded hands, compared to its average volume of 2,560,795. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $83.14. The company's 50-day moving average price is $68.72 and its two-hundred day moving average price is $67.96. The company has a market cap of $22.07 billion, a P/E ratio of -236.49, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

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.