Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,418,900 shares of the technology company’s stock after buying an additional 268,400 shares during the period. Renaissance Technologies LLC owned approximately 1.65% of Nutanix worth $270,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after purchasing an additional 146 shares during the period. Avantax Advisory Services Inc. lifted its position in Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after acquiring an additional 188 shares during the period. Principal Securities Inc. lifted its holdings in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Nutanix by 5.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company’s stock valued at $282,000 after acquiring an additional 249 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 0.2 %

Shares of NTNX opened at $58.62 on Tuesday. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99. The firm has a market capitalization of $15.63 billion, a PE ratio of -167.49, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The stock’s fifty day simple moving average is $70.44 and its 200-day simple moving average is $66.70.

Analysts Set New Price Targets

Several brokerages have issued reports on NTNX. Raymond James set a $83.00 price target on shares of Nutanix in a report on Thursday, February 27th. Needham & Company LLC lifted their target price on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Barclays set a $94.00 target price on shares of Nutanix and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. One research 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $87.79.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the transaction, the chief executive officer now owns 558,366 shares in the company, valued at approximately $41,877,450. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company’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 sale, the director now 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. In the last quarter, insiders have sold 5,610,886 shares of company stock worth $417,646,356. 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.