Napean Trading & Investment Co Singapore PTE Ltd Purchases 41,103 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Napean Trading & Investment Co Singapore PTE Ltd increased its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 102.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,198 shares of the technology company’s stock after purchasing an additional 41,103 shares during the period. Nutanix comprises about 1.2% of Napean Trading & Investment Co Singapore PTE Ltd’s investment portfolio, making the stock its 27th largest position. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Nutanix were worth $4,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTNX. Vanguard Group Inc. increased its holdings in Nutanix by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock valued at $1,568,447,000 after purchasing an additional 146,854 shares in the last quarter. LPL Financial LLC increased its holdings in Nutanix by 4.8% in the fourth quarter. LPL Financial LLC now owns 71,732 shares of the technology company’s stock valued at $4,389,000 after purchasing an additional 3,276 shares during the last quarter. Fox Run Management L.L.C. grew its position in shares of Nutanix by 5.4% during the 4th quarter. Fox Run Management L.L.C. now owns 17,185 shares of the technology company’s stock worth $1,051,000 after buying an additional 885 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Nutanix in the 4th quarter valued at approximately $5,157,000. Finally, iA Global Asset Management Inc. acquired a new position in Nutanix during the fourth quarter valued at approximately $415,000. 85.25% of the stock is owned by institutional investors.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 owns 3,050 shares of the company’s stock, valued at $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,603,146 shares of company stock worth $417,065,856 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays set a $94.00 target price on shares of Nutanix and gave the stock an “overweight” rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Oppenheimer increased their price objective on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Piper Sandler raised their target price on shares of Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $87.79.

Nutanix Stock Up 0.7 %

NTNX stock opened at $73.04 on Monday. The company’s fifty day simple moving average is $69.52 and its 200 day simple moving average is $65.98. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99. The firm has a market cap of $19.48 billion, a price-to-earnings ratio of -208.69, a PEG ratio of 11.80 and a beta of 1.04.

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.