Sterling Capital Management LLC Has $720,000 Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Sterling Capital Management LLC grew its stake in Nutanix, Inc. (NASDAQ:NTNX) by 49.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,761 shares of the technology company’s stock after buying an additional 3,879 shares during the period. Sterling Capital Management LLC’s holdings in Nutanix were worth $720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Harbour Investments Inc. lifted its stake in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after buying an additional 418 shares during the period. Allworth Financial LP raised its position in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. raised its position in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix during the 4th quarter worth approximately $40,000. Finally, Larson Financial Group LLC raised its holdings in Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after purchasing an additional 146 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares in the company, valued at approximately $41,877,450. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,592 shares of company stock worth $417,628,260 in the last ninety days. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

NTNX has been the subject of a number of research analyst reports. UBS Group boosted their target price on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company upped their price target on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Royal Bank of Canada upped their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Barclays set a $94.00 target price on Nutanix and gave the stock an “overweight” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $87.85.

Nutanix Trading Down 1.6 %

NASDAQ NTNX opened at $61.87 on Thursday. The company has a market cap of $16.50 billion, a PE ratio of -176.77, a PEG ratio of 11.80 and a beta of 0.84. The stock has a 50 day moving average of $69.02 and a 200-day moving average of $66.63. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99.

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.