Nutanix, Inc. (NASDAQ:NTNX) Stock Holdings Lifted by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 235.5% in the fourth quarter, Holdings Channel reports. The firm owned 544,516 shares of the technology company’s stock after buying an additional 382,232 shares during the period. Stephens Investment Management Group LLC’s holdings in Nutanix were worth $33,313,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NTNX. ORG Wealth Partners LLC acquired a new position in Nutanix in the third quarter worth approximately $27,000. Larson Financial Group LLC grew its position in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after purchasing an additional 623 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in shares of Nutanix in the 4th quarter valued at $49,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the sale, the chief executive officer now owns 649,034 shares of the company’s stock, valued at $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 177,917 shares of company stock valued at $12,114,781 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Oppenheimer assumed coverage on Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Wells Fargo & Company raised their price objective on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Raymond James lowered their price target on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC upped their price objective on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $79.50.

Nutanix Trading Down 0.5 %

Shares of NTNX stock opened at $70.53 on Friday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80. The stock has a 50 day moving average of $65.40 and a two-hundred day moving average of $61.86.

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.