DnB Asset Management AS Takes $2.60 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

DnB Asset Management AS acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 42,454 shares of the technology company’s stock, valued at approximately $2,597,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Nutanix by 150.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 45,765 shares of the technology company’s stock valued at $2,712,000 after acquiring an additional 27,502 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Nutanix by 3.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 886,338 shares of the technology company’s stock valued at $52,516,000 after purchasing an additional 29,241 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Nutanix by 75.4% in the 3rd quarter. Captrust Financial Advisors now owns 12,529 shares of the technology company’s stock valued at $742,000 after buying an additional 5,386 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Nutanix during the 3rd quarter worth approximately $294,000. Finally, Janus Henderson Group PLC raised its position in shares of Nutanix by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 114,923 shares of the technology company’s stock valued at $6,807,000 after buying an additional 869 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NTNX shares. Piper Sandler increased their price objective on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Morgan Stanley upped their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nutanix has a consensus rating of “Buy” and an average price target of $87.79.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares of the company’s stock, valued at $41,877,450. This trade 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 through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now owns 3,050 shares of the company’s stock, valued at $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,610,886 shares of company stock worth $417,646,356. Company insiders own 6.80% of the company’s stock.

Nutanix Stock Down 0.0 %

NASDAQ:NTNX opened at $69.80 on Wednesday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The company has a fifty day simple moving average of $70.56 and a two-hundred day simple moving average of $66.56. The company has a market cap of $18.61 billion, a price-to-earnings ratio of -199.43, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Nutanix 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.