Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by King Luther Capital Management Corp

by · The Cerbat Gem

King Luther Capital Management Corp lifted its stake in Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 29.5% in the fourth quarter, HoldingsChannel reports. The fund owned 640,126 shares of the technology company’s stock after purchasing an additional 145,893 shares during the quarter. King Luther Capital Management Corp’s holdings in Nutanix were worth $39,163,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after acquiring an additional 146 shares during the period. Freedom Investment Management Inc. raised its holdings in shares of Nutanix by 4.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after purchasing an additional 151 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after purchasing an additional 233 shares in the last quarter. Finally, Allworth Financial LP grew its stake in 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 buying an additional 256 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on NTNX shares. Barclays set a $94.00 price target on shares of Nutanix and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Morgan Stanley boosted their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Finally, Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. One research 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $87.79.

Get Our Latest Stock Analysis on Nutanix

Nutanix Stock Down 8.5 %

NTNX stock opened at $64.39 on Tuesday. The firm has a market capitalization of $17.25 billion, a PE ratio of -183.97, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The stock has a 50-day simple moving average of $68.11 and a two-hundred day simple moving average of $65.25.

Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the sale, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares in the company, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,684,917 shares of company stock valued at $422,452,901 over the last quarter. 6.80% of the stock is owned by corporate insiders.

About Nutanix

(Free Report)

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.

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