Vanguard Group Inc. Has $1.57 Billion Position in Nutanix, Inc. (NASDAQ:NTNX)

Vanguard Group Inc. boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,636,598 shares of the technology company’s stock after buying an additional 146,854 shares during the period. Vanguard Group Inc. owned approximately 9.57% of Nutanix worth $1,568,447,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. LPL Financial LLC lifted its position in Nutanix by 4.8% in the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company’s stock valued at $4,389,000 after acquiring an additional 3,276 shares in the last quarter. Fox Run Management L.L.C. lifted its holdings in shares of Nutanix by 5.4% in the fourth quarter. Fox Run Management L.L.C. now owns 17,185 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 885 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Nutanix during the fourth quarter valued at approximately $5,157,000. iA Global Asset Management Inc. bought a new stake in Nutanix during the fourth quarter worth $415,000. Finally, Vinva Investment Management Ltd raised its position in Nutanix by 4,777.2% in the 4th quarter. Vinva Investment Management Ltd now owns 128,562 shares of the technology company’s stock valued at $7,943,000 after buying an additional 125,926 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Activity at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,610,886 shares of company stock worth $417,646,356. Corporate insiders own 6.80% of the company’s stock.

Nutanix Stock Down 1.8 %

NTNX opened at $71.96 on Friday. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of -205.60, a PEG ratio of 11.80 and a beta of 1.04. The firm has a 50-day moving average price of $70.26 and a 200-day moving average price of $66.26. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NTNX shares. UBS Group upped their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and upped their target price for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Finally, 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $87.79.

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.