Northern Trust Corp Grows Stake in Nutanix, Inc. (NASDAQ:NTNX)

Northern Trust Corp boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,487,565 shares of the technology company's stock after buying an additional 103,655 shares during the quarter. Northern Trust Corp owned approximately 0.56% of Nutanix worth $91,009,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Nutanix by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock worth $1,568,447,000 after acquiring an additional 146,854 shares in the last quarter. Renaissance Technologies LLC grew its stake in Nutanix by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock valued at $270,348,000 after purchasing an additional 268,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in Nutanix by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock worth $263,275,000 after purchasing an additional 163,874 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Nutanix by 9.3% during the fourth quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock valued at $214,055,000 after buying an additional 297,754 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Nutanix in the 4th quarter valued at about $195,758,000. Institutional investors own 85.25% of the company's stock.

Nutanix Stock Up 0.9 %

Shares of NTNX traded up $0.68 during mid-day trading on Friday, reaching $75.10. The company had a trading volume of 1,298,364 shares, compared to its average volume of 2,524,324. The stock has a market capitalization of $20.03 billion, a P/E ratio of -214.57, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The stock has a 50 day moving average of $67.62 and a two-hundred day moving average of $67.37.

Insiders Place Their Bets

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were 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 represents a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the transaction, the chief executive officer now directly owns 558,366 shares of the company's stock, valued at $41,877,450. The trade was a 1.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,514,740 shares of company stock worth $410,918,620. Corporate insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Raymond James set a $83.00 price objective on Nutanix in a research report on Thursday, February 27th. Barclays set a $94.00 price target on Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada increased their price objective on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. 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. Based on data from MarketBeat.com, Nutanix has an average rating of "Buy" and an average price target of $87.85.

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.