Jupiter Asset Management Ltd. Has $5.87 Million Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Jupiter Asset Management Ltd. lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 112.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,924 shares of the technology company’s stock after buying an additional 50,724 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Nutanix were worth $5,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock worth $88,271,000 after buying an additional 33,980 shares in the last quarter. Atreides Management LP acquired a new stake in shares of Nutanix during the third quarter worth $8,290,000. CIBC Asset Management Inc lifted its holdings in shares of Nutanix by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock worth $453,000 after buying an additional 375 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after buying an additional 695,567 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Nutanix by 10.2% in the third quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock worth $80,287,000 after purchasing an additional 125,657 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Buying and Selling

In related news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business’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 directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,684,917 shares of company stock valued at $422,452,901 over the last ninety days. 6.80% of the stock is owned by company insiders.

Nutanix Price Performance

Nutanix stock opened at $66.72 on Friday. The stock’s 50 day moving average is $68.46 and its 200 day moving average is $65.37. The firm has a market cap of $17.88 billion, a P/E ratio of -190.63, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99.

Wall Street Analyst Weigh In

NTNX has been the topic of a number of recent analyst reports. Raymond James set a $83.00 price target on Nutanix in a research report on Thursday, February 27th. UBS Group raised their price target on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Piper Sandler raised their price target on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley raised their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $87.79.

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.