Quantinno Capital Management LP Has $10.34 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Quantinno Capital Management LP lifted its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,004 shares of the technology company's stock after buying an additional 42,992 shares during the period. Quantinno Capital Management LP owned about 0.06% of Nutanix worth $10,340,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Panoramic Capital LLC bought a new stake in Nutanix in the fourth quarter valued at $2,886,000. Malaga Cove Capital LLC acquired a new stake in shares of Nutanix in the 4th quarter valued at $205,000. Nissay Asset Management Corp Japan ADV bought a new stake in shares of Nutanix in the 4th quarter worth about $1,873,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Nutanix during the 4th quarter worth about $331,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Nutanix during the 4th quarter valued at about $1,352,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred on 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. This trade represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now owns 3,050 shares of the company's stock, valued at approximately $232,288. This represents a 69.65% 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 valued at $415,742,123 over the last three months. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NTNX has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. Barclays set a $94.00 price target on Nutanix and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Needham & Company LLC lifted their price objective on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Royal Bank of Canada increased their target price on Nutanix from $83.00 to $95.00 and gave the stock 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 research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.23.

Nutanix Price Performance

Shares of Nutanix stock traded down $1.70 on Tuesday, hitting $81.38. 873,789 shares of the company's stock traded hands, compared to its average volume of 2,456,109. Nutanix, Inc. has a one year low of $43.35 and a one year high of $83.36. The firm's 50-day moving average price is $69.02 and its two-hundred day moving average price is $68.17. The stock has a market capitalization of $21.70 billion, a PE ratio of -232.55, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

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.