Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. raised its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 61.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 148,461 shares of the technology company's stock after buying an additional 56,636 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.06% of Nutanix worth $9,083,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake 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 valued at $1,568,447,000 after purchasing an additional 146,854 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Nutanix by 6.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock valued at $270,348,000 after buying an additional 268,400 shares during the period. Geode Capital Management LLC lifted its position 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 valued at $263,275,000 after buying an additional 163,874 shares during the last quarter. First Trust Advisors LP boosted its stake in Nutanix by 9.3% during the fourth quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock worth $214,055,000 after buying an additional 297,754 shares during the period. Finally, Norges Bank acquired a new stake in shares of Nutanix during the fourth quarter valued at about $195,758,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Price Performance

Shares of NASDAQ:NTNX traded down $0.75 during trading on Wednesday, hitting $67.78. 465,120 shares of the company were exchanged, compared to its average volume of 2,512,902. The firm's 50 day moving average price is $67.67 and its 200-day moving average price is $66.85. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99. The stock has a market capitalization of $18.07 billion, a P/E ratio of -193.45, a PEG ratio of 11.80 and a beta of 0.84.

Insider Activity at Nutanix

In other news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction on Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now directly owns 3,050 shares of the company's stock, valued at $232,288. The trade was a 69.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix 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 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 a total of 5,610,592 shares of company stock valued at $417,628,260 over the last ninety days. Insiders own 6.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NTNX shares. Raymond James set a $83.00 price objective on shares of Nutanix in a research report on Thursday, February 27th. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. UBS Group raised their target price on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $87.85.

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.