Los Angeles Capital Management LLC Raises Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Los Angeles Capital Management LLC increased its position in Nutanix, Inc. (NASDAQ:NTNX) by 2,463.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 209,546 shares of the technology company’s stock after acquiring an additional 201,372 shares during the quarter. Los Angeles Capital Management LLC owned about 0.08% of Nutanix worth $12,820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares during the period. Larson Financial Group LLC boosted its stake in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares during the period. Advisors Asset Management Inc. grew its position in Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after buying an additional 321 shares in the last quarter. Principal Securities Inc. increased its stake in Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after acquiring an additional 199 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NTNX has been the subject of several research analyst reports. UBS Group assumed coverage on shares of Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 target price for the company. Northland Securities reiterated a “market perform” rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Oppenheimer started coverage on Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. Barclays increased their price target on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Raymond James lowered their price objective on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the transaction, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at $12,718,467.66. The trade was a 5.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,917 shares of company stock valued at $12,114,781. Insiders own 6.80% of the company’s stock.

Nutanix Stock Up 3.6 %

Shares of NTNX opened at $69.35 on Thursday. The stock has a market capitalization of $18.58 billion, a P/E ratio of -198.14, a PEG ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80. The firm has a fifty day simple moving average of $66.49 and a two-hundred day simple moving average of $63.92.

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.