Jacobs Levy Equity Management Inc. Buys 269,866 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Jacobs Levy Equity Management Inc. lifted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 9.6% during the fourth quarter, Holdings Channel reports. The fund owned 3,086,513 shares of the technology company’s stock after acquiring an additional 269,866 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Nutanix were worth $188,833,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graham Capital Management L.P. grew its holdings in Nutanix by 52.3% during the fourth quarter. Graham Capital Management L.P. now owns 11,040 shares of the technology company’s stock valued at $675,000 after purchasing an additional 3,791 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Nutanix by 21.7% during the 4th quarter. Focus Partners Wealth now owns 187,902 shares of the technology company’s stock worth $11,496,000 after buying an additional 33,492 shares during the period. Ensign Peak Advisors Inc grew its stake in Nutanix by 42.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 117,507 shares of the technology company’s stock valued at $7,189,000 after buying an additional 35,209 shares during the last quarter. Ethic Inc. raised its holdings in Nutanix by 13.7% in the 4th quarter. Ethic Inc. now owns 11,986 shares of the technology company’s stock worth $733,000 after acquiring an additional 1,444 shares during the period. Finally, Driehaus Capital Management LLC lifted its position in Nutanix by 9.4% during the 4th quarter. Driehaus Capital Management LLC now owns 902,630 shares of the technology company’s stock worth $55,223,000 after acquiring an additional 77,327 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the sale, the director now directly owns 3,050 shares in the company, valued at $232,288. This represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction 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 directly owns 558,366 shares of the company’s stock, valued at approximately $41,877,450. The trade was a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,514,740 shares of company stock valued at $410,918,620 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Oppenheimer raised their target price on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on Nutanix in a report on Thursday, February 27th. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $87.85.

Nutanix Stock Performance

Shares of NTNX stock opened at $75.10 on Friday. The firm has a fifty day moving average of $67.62 and a 200-day moving average of $67.37. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The stock has a market cap of $20.03 billion, a price-to-earnings ratio of -214.57, a P/E/G ratio of 11.80 and a beta of 0.70.

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.