Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,748 shares of the technology company’s stock after buying an additional 503 shares during the period. Motley Fool Asset Management LLC’s holdings in Nutanix were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Nutanix in the second quarter valued at $25,000. ORG Wealth Partners LLC acquired a new stake in Nutanix in the third quarter valued at $27,000. Larson Financial Group LLC raised its stake in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Nutanix in the second quarter valued at $32,000. Finally, Advisors Asset Management Inc. raised its stake in Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after buying an additional 321 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. lifted their target price on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Oppenheimer assumed coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Morgan Stanley lifted their target price on Nutanix from $72.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Northland Securities reiterated a “market perform” rating and set a $77.00 target price (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.86.

Nutanix Trading Up 3.6 %

Shares of NTNX opened at $68.41 on Thursday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80. The stock’s 50 day moving average is $65.24 and its two-hundred day moving average is $59.34. The firm has a market capitalization of $18.14 billion, a PE ratio of -195.46, a P/E/G ratio of 10.40 and a beta of 1.13.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David Sangster sold 11,950 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.