Meeder Asset Management Inc. Decreases Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Meeder Asset Management Inc. reduced its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,681 shares of the technology company’s stock after selling 806 shares during the quarter. Meeder Asset Management Inc.’s holdings in Nutanix were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NTNX. Harbour Investments Inc. grew its holdings in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after acquiring an additional 418 shares during the period. Allworth Financial LP grew its holdings in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares during the last quarter. Principal Securities Inc. grew its holdings in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Nutanix in the fourth quarter valued at $40,000. Finally, Larson Financial Group LLC raised its stake in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after buying an additional 146 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Nutanix stock opened at $69.81 on Tuesday. The company has a market cap of $18.62 billion, a price-to-earnings ratio of -199.46, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The firm has a 50 day moving average price of $70.47 and a 200 day moving average price of $66.49.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays set a $94.00 target price on shares of Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Piper Sandler upped their target price on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. UBS Group raised their price target on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Raymond James set a $83.00 price objective on Nutanix in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $87.79.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,610,886 shares of company stock valued at $417,646,356 in the last ninety days. Company insiders own 6.80% of the company’s stock.

About Nutanix

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.