Rafferty Asset Management LLC Increases Stake in Nutanix, Inc. (NASDAQ:NTNX)

Rafferty Asset Management LLC grew its stake in Nutanix, Inc. (NASDAQ:NTNX) by 22.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,383 shares of the technology company’s stock after buying an additional 2,973 shares during the quarter. Rafferty Asset Management LLC’s holdings in Nutanix were worth $1,002,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Nutanix by 2.4% during 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 purchasing an additional 33,980 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Nutanix by 5.3% during the fourth 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. Pacer Advisors Inc. lifted its stake in Nutanix by 1,555.9% during the fourth quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company’s stock worth $4,540,000 after purchasing an additional 69,722 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Nutanix during the fourth quarter worth approximately $299,000. Finally, Sanctuary Advisors LLC lifted its stake in Nutanix by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company’s stock worth $593,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NTNX stock opened at $80.00 on Thursday. The business’s fifty day moving average price is $69.53 and its 200 day moving average price is $68.34. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.36. The firm has a market capitalization of $21.33 billion, a PE ratio of -228.57, a P/E/G ratio of 11.80 and a beta of 0.70.

Analysts Set New Price Targets

Several research firms recently weighed in on NTNX. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. UBS Group lifted their price target on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada lifted their price target on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Needham & Company LLC lifted their price target on Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Barclays set a $94.00 price target on Nutanix and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus target price of $88.23.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $41,877,450. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,575,797 shares of company stock valued at $415,742,123 over the last quarter. Company 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.