Nutanix, Inc. (NASDAQ:NTNX) Stock Position Raised by ING Groep NV

ING Groep NV lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 175.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,600 shares of the technology company’s stock after buying an additional 32,900 shares during the period. ING Groep NV’s holdings in Nutanix were worth $3,157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its position in shares of Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares during the period. Larson Financial Group LLC boosted its position in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after buying an additional 281 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after buying an additional 321 shares during the period. Principal Securities Inc. boosted its position in shares of Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after buying an additional 199 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after buying an additional 623 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

NASDAQ NTNX opened at $69.74 on Friday. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The stock’s 50-day moving average is $66.31 and its two-hundred day moving average is $63.40. The firm has a market cap of $18.69 billion, a P/E ratio of -199.26, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17.

Analyst Ratings Changes

Several brokerages have recently commented on NTNX. Morgan Stanley raised their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Needham & Company LLC increased their price objective on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Barclays increased their price objective on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, UBS Group began coverage on Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction dated 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 approximately $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction dated 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. Over the last ninety days, insiders have sold 177,917 shares of company stock worth $12,114,781. Company insiders own 6.80% of the company’s stock.

Nutanix 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.