Schroder Investment Management Group Raises Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Schroder Investment Management Group grew its position in Nutanix, Inc. (NASDAQ:NTNX) by 24.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 986,462 shares of the technology company’s stock after purchasing an additional 192,949 shares during the period. Schroder Investment Management Group’s holdings in Nutanix were worth $60,736,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Nutanix by 2.4% in 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 acquiring an additional 33,980 shares during the period. Atreides Management LP purchased a new position in shares of Nutanix during the 3rd quarter worth $8,290,000. CIBC Asset Management Inc increased its position in shares of Nutanix by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock worth $453,000 after purchasing an additional 375 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Nutanix by 1,555.9% in the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company’s stock valued at $4,540,000 after buying an additional 69,722 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of recent analyst reports. 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. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Royal Bank of Canada boosted their target price on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Morgan Stanley raised 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. Finally, Needham & Company LLC boosted their price objective on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $87.79.

Insiders Place Their Bets

In related news, Director Steven J. Gomo sold 7,000 shares of the firm’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 in the company, valued at $232,288. This trade represents a 69.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business’s 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 completion of the sale, the director now owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is owned by corporate insiders.

Nutanix Stock Performance

NTNX opened at $69.81 on Tuesday. The business’s 50-day simple moving average is $70.47 and its 200-day simple moving average is $66.49. The company has a market cap of $18.62 billion, a P/E ratio of -199.46, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99.

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.