Alliancebernstein L.P. Increases Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Alliancebernstein L.P. lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,558,817 shares of the technology company’s stock after acquiring an additional 186,889 shares during the period. Alliancebernstein L.P. owned 0.58% of Nutanix worth $95,368,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NTNX. Harbour Investments Inc. lifted its holdings in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after buying an additional 418 shares in the last quarter. Allworth Financial LP increased its holdings in Nutanix by 123.1% in the 4th 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. lifted its stake in 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 purchasing an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nutanix in the 4th quarter worth $40,000. Finally, Larson Financial Group LLC boosted its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of research reports. UBS Group increased their price target on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Royal Bank of Canada upped their price objective on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Oppenheimer boosted their price objective on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. 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.com, Nutanix has an average rating of “Buy” and an average target price of $87.79.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the chief executive officer now directly owns 558,366 shares in the company, valued at approximately $41,877,450. The trade was a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is owned by insiders.

Nutanix Price Performance

NASDAQ NTNX opened at $71.37 on Thursday. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The company has a market cap of $19.03 billion, a price-to-earnings ratio of -203.91, a PEG ratio of 11.80 and a beta of 1.04. The stock’s fifty day moving average price is $70.66 and its 200 day moving average price is $66.60.

Nutanix Company 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.