E. Ohman J or Asset Management AB Makes New $716,000 Investment in Nutanix, Inc. (NASDAQ:NTNX)

E. Ohman J or Asset Management AB purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,700 shares of the technology company’s stock, valued at approximately $716,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. Bain Capital Investors LLC acquired a new stake in Nutanix during the 3rd quarter worth about $998,601,000. Two Sigma Advisers LP lifted its position in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after acquiring an additional 374,328 shares during the period. Parsifal Capital Management LP lifted its holdings in shares of Nutanix by 28.1% in the 3rd quarter. Parsifal Capital Management LP now owns 1,075,776 shares of the technology company’s stock valued at $63,740,000 after buying an additional 235,966 shares during the period. Finally, Champlain Investment Partners LLC lifted its holdings in shares of Nutanix by 3.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after buying an additional 215,363 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the sale, the chief financial officer now owns 190,882 shares of the company’s stock, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,065 shares of company stock valued at $5,405,141. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NTNX. Oppenheimer began coverage on Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. Needham & Company LLC upped their price target on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Barclays raised their target price on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Northland Securities reissued a “market perform” rating and issued a $77.00 price target (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.50.

Nutanix Stock Up 0.9 %

Shares of Nutanix stock opened at $71.59 on Thursday. The firm has a market cap of $19.18 billion, a price-to-earnings ratio of -204.54, a price-to-earnings-growth ratio of 11.26 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 company’s 50-day simple moving average is $65.11 and its 200-day simple moving average is $61.58.

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.