Pictet Asset Management Holding SA Buys 2,108,269 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Pictet Asset Management Holding SA grew its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 6,785.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,139,340 shares of the technology company’s stock after purchasing an additional 2,108,269 shares during the quarter. Pictet Asset Management Holding SA owned about 0.80% of Nutanix worth $130,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. bought a new position in Nutanix during the fourth quarter worth $4,220,000. Norges Bank acquired a new stake in Nutanix during the 4th quarter worth about $195,758,000. UniSuper Management Pty Ltd acquired a new stake in Nutanix during the 4th quarter worth about $294,000. Elo Mutual Pension Insurance Co bought a new position in shares of Nutanix in the 4th quarter worth about $1,703,000. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Nutanix in the 4th quarter valued at about $91,639,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the sale, the director now directly owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 5,610,886 shares of company stock worth $417,646,356. Corporate insiders own 6.80% of the company’s stock.

Nutanix Stock Down 1.3 %

NTNX stock opened at $71.02 on Friday. The stock’s 50 day moving average is $70.38 and its 200-day moving average is $66.34. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The firm has a market capitalization of $18.94 billion, a PE ratio of -202.91, a P/E/G ratio of 11.80 and a beta of 1.04.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their target price on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Wells Fargo & Company upped their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Nutanix has a consensus rating of “Buy” and a consensus price target of $87.79.

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.