Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,086,513 shares of the technology company's stock after purchasing an additional 269,866 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.15% of Nutanix worth $188,833,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. grew its holdings in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after acquiring an additional 418 shares during the period. Colonial Trust Co SC acquired a new position in shares of Nutanix in the 4th quarter worth approximately $28,000. Allworth Financial LP raised its holdings 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 purchasing an additional 256 shares in the last quarter. Principal Securities Inc. lifted its stake in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nutanix during the fourth quarter worth approximately $40,000. Institutional investors own 85.25% of the company's stock.

Nutanix Stock Up 0.9 %

NTNX stock opened at $75.10 on Friday. The company has a 50 day moving average of $67.62 and a two-hundred day moving average of $67.37. The company has a market cap of $20.03 billion, a price-to-earnings ratio of -214.57, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group upped their price target on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC boosted their target price on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Piper Sandler cut their price objective on Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $87.85.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 11,354,032 shares of the company's stock, valued at $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 ninety days, insiders have sold 5,514,740 shares of company stock valued at $410,918,620. 6.80% of the stock is owned by insiders.

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.

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