7,245 Shares in Nutanix, Inc. (NASDAQ:NTNX) Bought by Allstate Corp

Allstate Corp purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,245 shares of the technology company’s stock, valued at approximately $443,000.

A number of other hedge funds also recently bought and sold shares of NTNX. The Manufacturers Life Insurance Company increased its stake in shares of Nutanix by 150.6% during the third quarter. The Manufacturers Life Insurance Company now owns 45,765 shares of the technology company’s stock worth $2,712,000 after buying an additional 27,502 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Nutanix by 3.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 886,338 shares of the technology company’s stock valued at $52,516,000 after purchasing an additional 29,241 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Nutanix by 75.4% in the 3rd quarter. Captrust Financial Advisors now owns 12,529 shares of the technology company’s stock valued at $742,000 after purchasing an additional 5,386 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Nutanix during the 3rd quarter worth $294,000. Finally, Janus Henderson Group PLC grew its stake in shares of Nutanix by 0.8% during the third quarter. Janus Henderson Group PLC now owns 114,923 shares of the technology company’s stock worth $6,807,000 after purchasing an additional 869 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Activity

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now owns 3,050 shares in the company, valued at approximately $232,288. This represents a 69.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,610,886 shares of company stock worth $417,646,356 over the last ninety days. 6.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC raised their price target on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. 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. Royal Bank of Canada upped their price target on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Oppenheimer raised their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $87.79.

Nutanix Trading Down 0.0 %

NASDAQ:NTNX opened at $69.80 on Wednesday. The company has a market capitalization of $18.61 billion, a P/E ratio of -199.43, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The firm has a 50-day moving average price of $70.56 and a two-hundred day moving average price of $66.56. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

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.