Thrivent Financial For Lutherans bought a new position in shares of Nutanix Inc (NASDAQ:NTNX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 120,520 shares of the technology company’s stock, valued at approximately $4,252,000. Thrivent Financial For Lutherans owned about 0.08% of Nutanix at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Delpha Capital Management LLC bought a new stake in Nutanix during the 4th quarter worth approximately $104,000. Focused Wealth Management Inc grew its holdings in Nutanix by 107.2% during the 4th quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock worth $143,000 after acquiring an additional 2,100 shares during the last quarter. US Bancorp DE grew its holdings in Nutanix by 850.6% during the 4th quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock worth $168,000 after acquiring an additional 4,253 shares during the last quarter. First American Bank bought a new stake in Nutanix during the 4th quarter worth approximately $207,000. Finally, Fox Run Management L.L.C. bought a new stake in Nutanix during the 4th quarter worth approximately $212,000. 44.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Nutanix Inc (NASDAQ NTNX) opened at $53.74 on Friday. Nutanix Inc has a 12 month low of $14.38 and a 12 month high of $55.10. The company has a market cap of $8,728.67, a price-to-earnings ratio of -25.00 and a beta of 2.13.
In related news, CAO Kenneth W. Long III sold 32,002 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $54.36, for a total transaction of $1,739,628.72. Following the transaction, the chief accounting officer now owns 185,256 shares in the company, valued at approximately $10,070,516.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $34.35, for a total transaction of $1,717,500.00. Following the transaction, the president now owns 188,330 shares in the company, valued at approximately $6,469,135.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,626,002 shares of company stock worth $100,355,181 in the last quarter. 19.81% of the stock is owned by corporate insiders.
A number of research firms have weighed in on NTNX. JPMorgan Chase & Co. reissued an “underweight” rating and set a $37.00 target price (up from $32.00) on shares of Nutanix in a report on Tuesday. Royal Bank of Canada boosted their target price on shares of Nutanix to $58.00 and gave the stock an “outperform” rating in a report on Tuesday. They noted that the move was a valuation call. Piper Jaffray Companies reissued an “overweight” rating and set a $57.00 target price on shares of Nutanix in a report on Tuesday. Jefferies Group boosted their target price on shares of Nutanix to $60.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC boosted their target price on shares of Nutanix from $48.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.52.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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