Wells Fargo & Company MN raised its stake in Nutanix Inc (NASDAQ:NTNX) by 54.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 483,327 shares of the technology company’s stock after purchasing an additional 169,699 shares during the quarter. Wells Fargo & Company MN’s holdings in Nutanix were worth $17,052,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. First Trust Advisors LP purchased a new position in shares of Nutanix in the 4th quarter valued at approximately $6,915,000. Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of Nutanix by 54.3% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 165,933 shares of the technology company’s stock valued at $5,854,000 after purchasing an additional 58,380 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in shares of Nutanix in the 4th quarter valued at approximately $529,000. Swiss National Bank grew its stake in shares of Nutanix by 90.3% in the 4th quarter. Swiss National Bank now owns 109,400 shares of the technology company’s stock valued at $3,860,000 after purchasing an additional 51,900 shares during the last quarter. Finally, Lisanti Capital Growth LLC purchased a new position in shares of Nutanix in the 4th quarter valued at approximately $1,270,000. Institutional investors own 44.29% of the company’s stock.
Nutanix Inc (NASDAQ:NTNX) opened at $51.48 on Tuesday. The stock has a market capitalization of $7,876.02, a price-to-earnings ratio of -23.94 and a beta of 2.13. Nutanix Inc has a 1-year low of $14.38 and a 1-year high of $52.60.
Several research firms have recently commented on NTNX. Jefferies Group raised their price target on Nutanix to $60.00 and gave the company a “buy” rating in a report on Tuesday. Needham & Company LLC raised their price target on Nutanix to $61.00 and gave the company a “buy” rating in a report on Tuesday. Wells Fargo & Co raised their price target on Nutanix to $60.00 and gave the company an “outperform” rating in a report on Tuesday. Royal Bank of Canada raised their price target on Nutanix to $58.00 and gave the company an “outperform” rating in a report on Tuesday. They noted that the move was a valuation call. Finally, Robert W. Baird reissued an “outperform” rating on shares of Nutanix in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $43.56.
In related news, insider Sunil Potti sold 15,000 shares of Nutanix stock in a transaction on Friday, December 15th. The stock was sold at an average price of $35.70, for a total transaction of $535,500.00. Following the completion of the transaction, the insider now directly owns 52,805 shares of the company’s stock, valued at $1,885,138.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dheeraj Pandey sold 33,100 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $36.23, for a total value of $1,199,213.00. Following the transaction, the chief executive officer now directly owns 194,712 shares of the company’s stock, valued at approximately $7,054,415.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,808,918 shares of company stock valued at $104,706,913. 19.81% of the stock is currently owned by insiders.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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