Senator Investment Group LP Has $52.44 Million Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Senator Investment Group LP raised its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 11.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 857,113 shares of the technology company's stock after purchasing an additional 90,092 shares during the period. Nutanix accounts for approximately 1.5% of Senator Investment Group LP's holdings, making the stock its 20th biggest holding. Senator Investment Group LP owned 0.32% of Nutanix worth $52,438,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. TD Waterhouse Canada Inc. raised its stake in Nutanix by 43.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,355 shares of the technology company's stock worth $83,000 after acquiring an additional 413 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Nutanix by 153.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the technology company's stock worth $172,000 after purchasing an additional 1,705 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Nutanix during the 4th quarter valued at approximately $623,000. Dimensional Fund Advisors LP grew its stake in Nutanix by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 964,391 shares of the technology company's stock worth $59,006,000 after buying an additional 42,104 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Nutanix by 9.3% in 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. Institutional investors own 85.25% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NTNX. StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and raised their target price for the company from $77.00 to $97.00 in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price target on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Raymond James set a $83.00 price objective on shares of Nutanix in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $87.85.

Insiders Place Their Bets

In related news, 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 value of $533,120.00. Following the completion of the sale, the director now directly owns 3,050 shares of the company's stock, valued at approximately $232,288. This represents a 69.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares in the company, valued at $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,592 shares of company stock worth $417,628,260 over the last ninety days. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Up 2.2 %

Shares of NASDAQ NTNX traded up $1.42 during mid-day trading on Friday, hitting $67.16. 1,933,013 shares of the company traded hands, compared to its average volume of 2,518,359. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of -191.89, a PEG ratio of 11.80 and a beta of 0.84. The business has a 50 day moving average of $67.82 and a two-hundred day moving average of $66.78.

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.