SBI Securities Co. Ltd. Invests $142,000 in Nutanix, Inc. (NASDAQ:NTNX)

SBI Securities Co. Ltd. bought a new position in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,324 shares of the technology company’s stock, valued at approximately $142,000.

Other institutional investors have also recently made changes to their positions in the company. Versor Investments LP lifted its holdings in shares of Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock worth $1,976,000 after acquiring an additional 22,652 shares during the last quarter. Atreides Management LP bought a new stake in shares of Nutanix in the 3rd quarter worth about $8,290,000. CIBC Asset Management Inc lifted its holdings in shares of Nutanix by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock worth $453,000 after acquiring an additional 375 shares during the last quarter. Two Sigma Advisers LP increased its stake in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after buying an additional 695,567 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in Nutanix by 10.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock worth $80,287,000 after buying an additional 125,657 shares during the period. Institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Wells Fargo & Company raised their price target on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, Oppenheimer raised their price target on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $87.79.

Nutanix Stock Performance

NASDAQ:NTNX opened at $70.41 on Friday. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99. The stock has a market capitalization of $18.86 billion, a P/E ratio of -201.17, a P/E/G ratio of 11.80 and a beta of 1.17. The company’s 50-day simple moving average is $68.06 and its 200-day simple moving average is $65.00.

Insider Activity

In other news, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 11,354,032 shares in the company, valued at $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. In the last ninety days, insiders have sold 5,684,917 shares of company stock worth $422,452,901. Corporate insiders own 6.80% of the company’s stock.

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.