4,599 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by Polymer Capital Management US LLC

Polymer Capital Management US LLC purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,599 shares of the technology company’s stock, valued at approximately $281,000.

A number of other hedge funds have also recently bought and sold shares of NTNX. Harbour Investments Inc. boosted its holdings in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after buying an additional 418 shares during the last quarter. Allworth Financial LP raised its position in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares in the last quarter. Principal Securities Inc. lifted its stake in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Nutanix in the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC increased its stake in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after purchasing an additional 146 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Needham & Company LLC raised their price objective on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Royal Bank of Canada raised their price target on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Raymond James set a $83.00 price objective on shares of Nutanix in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $87.79.

Insider Activity at Nutanix

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now directly owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,886 shares of company stock valued at $417,646,356 in the last 90 days. 6.80% of the stock is owned by corporate insiders.

Nutanix Stock Performance

NASDAQ NTNX opened at $58.62 on Tuesday. The firm’s fifty day moving average price is $70.44 and its two-hundred day moving average price is $66.70. The stock has a market cap of $15.63 billion, a PE ratio of -167.49, a PEG ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

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.