Sumitomo Mitsui DS Asset Management Company Ltd Acquires Shares of 25,236 Nutanix, Inc. (NASDAQ:NTNX)

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,236 shares of the technology company’s stock, valued at approximately $1,544,000.

Other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in Nutanix during the third quarter worth about $27,000. Larson Financial Group LLC lifted its holdings in shares of Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the period. Advisors Asset Management Inc. boosted its position 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 acquiring an additional 321 shares in the last quarter. Versant Capital Management Inc increased its stake in Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after acquiring an additional 623 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new position in Nutanix during the fourth quarter valued at approximately $49,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTNX has been the topic of a number of research analyst reports. Needham & Company LLC raised their target price on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. 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. Raymond James lowered their target price on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Barclays raised their price target on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Piper Sandler upped their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $71.75 on Tuesday. The firm has a market cap of $19.22 billion, a PE ratio of -205.00, a price-to-earnings-growth ratio of 11.60 and a beta of 1.17. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80. The firm’s fifty day moving average is $65.40 and its 200-day moving average is $62.03.

Insider Buying and Selling

In other news, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,917 shares of company stock valued at $12,114,781 in the last three months. Insiders own 6.80% of the company’s stock.

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.