Nutanix, Inc. (NASDAQ:NTNX) Stake Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 51,481.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,473 shares of the technology company’s stock after acquiring an additional 178,127 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Nutanix worth $11,187,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock worth $88,271,000 after purchasing an additional 33,980 shares during the last quarter. Atreides Management LP bought a new position in Nutanix during the 3rd quarter worth approximately $8,290,000. CIBC Asset Management Inc grew its position 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 in the last quarter. Two Sigma Advisers LP increased its holdings in shares of Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after acquiring an additional 695,567 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Nutanix by 1,555.9% during the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company’s stock valued at $4,540,000 after acquiring an additional 69,722 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NTNX shares. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Morgan Stanley increased their price objective on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Oppenheimer lifted their target price on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company boosted their price objective on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of “Buy” and a consensus price target of $87.79.

Insider Transactions at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. The trade was a 32.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at approximately $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. Corporate insiders own 6.80% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $69.81 on Tuesday. The stock has a market cap of $18.62 billion, a price-to-earnings ratio of -199.46, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The stock’s 50 day moving average price is $70.47 and its 200 day moving average price is $66.49.

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.