Counterpoint Mutual Funds LLC Increases Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Counterpoint Mutual Funds LLC boosted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,953 shares of the technology company’s stock after acquiring an additional 1,450 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Nutanix were worth $364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after buying an additional 146 shares during the last quarter. Freedom Investment Management Inc. raised its holdings in shares of Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after buying an additional 151 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock valued at $349,000 after buying an additional 188 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Nutanix by 3.4% in the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after buying an additional 233 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NTNX shares. Wells Fargo & Company upped their target price on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Royal Bank of Canada boosted their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $87.79.

Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the sale, the director now owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,609,206 shares of company stock worth $417,458,120. 6.80% of the stock is owned by company insiders.

Nutanix Trading Up 2.4 %

Shares of NTNX opened at $71.11 on Tuesday. The firm’s 50-day moving average is $68.73 and its two-hundred day moving average is $65.72. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The firm has a market capitalization of $18.96 billion, a P/E ratio of -203.17, a PEG ratio of 11.80 and a beta of 1.04.

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.