Fox Run Management L.L.C. Acquires 885 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Fox Run Management L.L.C. boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 5.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,185 shares of the technology company’s stock after acquiring an additional 885 shares during the period. Fox Run Management L.L.C.’s holdings in Nutanix were worth $1,051,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP grew its position in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares during the period. Larson Financial Group LLC raised its stake in Nutanix by 122.7% during the 3rd 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 during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Nutanix by 150.7% during the 3rd 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 during the period. Finally, Principal Securities Inc. boosted its stake in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 0.7 %

Shares of Nutanix stock opened at $73.04 on Friday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The stock’s 50-day simple moving average is $69.52 and its 200-day simple moving average is $65.96. The company has a market capitalization of $19.48 billion, a price-to-earnings ratio of -208.69, a PEG ratio of 11.80 and a beta of 1.04.

Analysts Set New Price Targets

A number of research firms recently commented on NTNX. JPMorgan Chase & Co. upped their price objective on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Raymond James set a $83.00 target price on shares of Nutanix in a report on Thursday, February 27th. Finally, Piper Sandler boosted their price objective on shares of Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $87.79.

Insider Buying and Selling

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. This represents a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares in the company, valued at $232,288. This represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,609,206 shares of company stock valued at $417,458,120. Corporate insiders own 6.80% of the company’s stock.

Nutanix Company 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.