Sumitomo Mitsui Trust Group Inc. Raises Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 5,473.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 479,317 shares of the technology company’s stock after purchasing an additional 470,717 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.18% of Nutanix worth $29,325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in Nutanix during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC grew its position in shares of Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after acquiring an additional 321 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new position in shares of Nutanix in the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. The trade was a 15.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now owns 45,330 shares in the company, valued at $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,917 shares of company stock valued at $12,114,781. Corporate insiders own 6.80% of the company’s stock.

Nutanix Price Performance

Shares of Nutanix stock opened at $71.59 on Wednesday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80. The business’s fifty day moving average price is $65.51 and its two-hundred day moving average price is $62.19. The company has a market capitalization of $19.18 billion, a P/E ratio of -204.54, a PEG ratio of 11.60 and a beta of 1.17.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NTNX shares. Oppenheimer started coverage on Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price for the company. Northland Securities reiterated a “market perform” rating and issued a $77.00 target price (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Piper Sandler lifted their target price on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Morgan Stanley raised their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.50.

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.