Worldquant Millennium Advisors LLC Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

Worldquant Millennium Advisors LLC bought a new position in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 394,016 shares of the technology company’s stock, valued at approximately $24,106,000. Worldquant Millennium Advisors LLC owned 0.15% of Nutanix at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NTNX. Merit Financial Group LLC acquired a new position in shares of Nutanix in the fourth quarter worth about $399,000. Crossmark Global Holdings Inc. acquired a new position in shares of Nutanix in the fourth quarter worth about $2,238,000. Perpetual Ltd purchased a new stake in shares of Nutanix in the fourth quarter worth approximately $520,000. Nisa Investment Advisors LLC lifted its position in shares of Nutanix by 321.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 57,883 shares of the technology company’s stock worth $3,541,000 after purchasing an additional 44,155 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Nutanix by 5.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 36,206 shares of the technology company’s stock worth $2,215,000 after purchasing an additional 1,723 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction that occurred on Monday, March 24th. The shares were 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 $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 can be accessed through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,575,797 shares of company stock valued at $415,742,123. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Raymond James lowered shares of Nutanix from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Needham & Company LLC increased their price target on shares of Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Oppenheimer increased their price target on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.23.

Nutanix Stock Performance

Shares of NTNX opened at $81.42 on Wednesday. The firm has a market cap of $21.71 billion, a PE ratio of -232.63, a PEG ratio of 11.80 and a beta of 0.70. The firm’s 50 day moving average price is $69.32 and its 200 day moving average price is $68.26. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $83.36.

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.