Nomura Asset Management Co. Ltd. Buys New Stake in Nutanix, Inc. (NASDAQ:NTNX)

Nomura Asset Management Co. Ltd. purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 68,980 shares of the technology company’s stock, valued at approximately $4,220,000.

Other large investors also recently modified their holdings of the company. Harbour Investments Inc. lifted its holdings in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP raised its stake in shares of Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after acquiring an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nutanix during the 4th quarter worth approximately $40,000. Finally, Larson Financial Group LLC increased its holdings in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after purchasing an additional 146 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NTNX shares. Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the stock an “overweight” rating in a report on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. Royal Bank of Canada boosted their price objective on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Raymond James set a $83.00 price objective on Nutanix in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nutanix has an average rating of “Buy” and an average price target of $87.79.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $69.80 on Wednesday. The company has a 50 day moving average price of $70.56 and a two-hundred day moving average price of $66.56. The company has a market capitalization of $18.61 billion, a PE ratio of -199.43, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now owns 558,366 shares of the company’s stock, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,610,886 shares of company stock worth $417,646,356 in the last quarter. 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.