Melqart Asset Management UK Ltd Decreases Stake in Nutanix, Inc. (NASDAQ:NTNX)

Melqart Asset Management UK Ltd trimmed its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 178,044 shares of the technology company’s stock after selling 19,639 shares during the quarter. Nutanix accounts for about 1.3% of Melqart Asset Management UK Ltd’s investment portfolio, making the stock its 23rd biggest position. Melqart Asset Management UK Ltd owned approximately 0.07% of Nutanix worth $10,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new position in Nutanix during the fourth quarter worth $195,758,000. Pictet Asset Management Holding SA boosted its holdings in shares of Nutanix by 6,785.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company’s stock valued at $130,885,000 after buying an additional 2,108,269 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of Nutanix during the 4th quarter valued at about $91,639,000. Raymond James Financial Inc. bought a new position in Nutanix in the fourth quarter worth about $86,824,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Nutanix by 5,473.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock valued at $29,325,000 after purchasing an additional 470,717 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Up 2.2 %

NASDAQ:NTNX opened at $67.16 on Friday. The company has a 50-day moving average of $67.82 and a 200-day moving average of $66.80. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of -191.89, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

Analysts Set New Price Targets

A number of research analysts recently commented on NTNX shares. Royal Bank of Canada upped their price objective on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. 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. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Needham & Company LLC boosted 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, Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and raised their price target for the company from $77.00 to $97.00 in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Nutanix currently has a consensus rating of “Buy” and a consensus target price of $87.85.

Insider Activity at Nutanix

In other Nutanix 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 value of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares of the company’s stock, valued at approximately $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm’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 sale, the director now directly owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,610,592 shares of company stock valued at $417,628,260 over the last ninety days. Insiders own 6.80% of the company’s stock.

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.