Motley Fool Asset Management LLC Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Motley Fool Asset Management LLC acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,591 shares of the technology company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also made changes to their positions in NTNX. Sonen Capital LLC boosted its stake in shares of Nutanix by 1.8% during the 3rd quarter. Sonen Capital LLC now owns 18,118 shares of the technology company’s stock worth $632,000 after acquiring an additional 324 shares in the last quarter. CWM LLC increased its stake in Nutanix by 7.8% in the 3rd quarter. CWM LLC now owns 4,527 shares of the technology company’s stock worth $158,000 after purchasing an additional 328 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in Nutanix by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 100,887 shares of the technology company’s stock worth $3,519,000 after buying an additional 510 shares during the period. GAMMA Investing LLC purchased a new stake in Nutanix during the fourth quarter valued at about $30,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Nutanix by 2.8% in the third quarter. Victory Capital Management Inc. now owns 25,650 shares of the technology company’s stock worth $895,000 after buying an additional 707 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $63.04, for a total value of $790,836.80. Following the sale, the chief operating officer now directly owns 70,192 shares of the company’s stock, valued at $4,424,903.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Rajiv Ramaswami sold 23,932 shares of Nutanix stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $63.05, for a total transaction of $1,508,912.60. Following the sale, the chief executive officer now directly owns 373,024 shares of the company’s stock, valued at $23,519,163.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO David Sangster sold 12,545 shares of Nutanix stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $63.04, for a total value of $790,836.80. Following the sale, the chief operating officer now directly owns 70,192 shares in the company, valued at $4,424,903.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on NTNX. Bank of America upped their price target on shares of Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. KeyCorp lifted their price target on Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. increased their price target on shares of Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Needham & Company LLC raised their price target on shares of Nutanix from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada upped their price objective on shares of Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and an average target price of $65.17.

Nutanix Stock Performance

NASDAQ NTNX opened at $61.66 on Friday. Nutanix, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $66.99. The stock’s 50-day moving average is $62.18 and its two-hundred day moving average is $51.45.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The company had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. On average, equities research analysts expect that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.