Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Accurate Wealth Management LLC

Accurate Wealth Management LLC lifted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 41.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,562 shares of the technology company’s stock after purchasing an additional 5,473 shares during the quarter. Accurate Wealth Management LLC’s holdings in Nutanix were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Bain Capital Investors LLC purchased a new position in Nutanix during the 3rd quarter worth $998,601,000. Driehaus Capital Management LLC lifted its position in Nutanix by 123.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after acquiring an additional 794,215 shares during the period. Two Sigma Advisers LP grew its stake in shares of Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Nutanix by 47.5% in the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after purchasing an additional 477,838 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Nutanix by 15.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after purchasing an additional 374,328 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the sale, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at $42,738,888.90. The trade was a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,771 shares of company stock valued at $5,387,045 in the last 90 days. 6.80% of the stock is currently owned by insiders.

Nutanix Trading Up 0.7 %

Nutanix stock opened at $63.05 on Wednesday. The stock has a fifty day moving average price of $66.31 and a 200 day moving average price of $60.40. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80. The firm has a market capitalization of $16.89 billion, a P/E ratio of -180.14, a PEG ratio of 10.34 and a beta of 1.16.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NTNX. Needham & Company LLC lifted their price objective on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their target price on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Barclays increased their target price on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. UBS Group began coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target for the company. Finally, Northland Securities reaffirmed a “market perform” rating and set a $77.00 price objective (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

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.