Geode Capital Management LLC Raises Position in Nutanix, Inc. (NASDAQ:NTNX)

Geode Capital Management LLC lifted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,147,126 shares of the technology company’s stock after purchasing an additional 22,091 shares during the quarter. Geode Capital Management LLC owned about 1.56% of Nutanix worth $245,968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ORG Wealth Partners LLC acquired a new stake in Nutanix in the 3rd quarter worth about $27,000. Larson Financial Group LLC boosted its position in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Nutanix in the second quarter worth approximately $32,000. Advisors Asset Management Inc. grew its holdings in Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares during the period. Finally, Signaturefd LLC increased its position in Nutanix by 57.8% during the third quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTNX. Wells Fargo & Company boosted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Bank of America lifted their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Northland Securities reissued a “market perform” rating and set a $77.00 target price (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Finally, Oppenheimer began coverage on shares of Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target on the stock. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and an average price target of $79.00.

Insider Transactions at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the transaction, the chief operating officer now directly owns 123,868 shares in the company, valued at $7,411,022.44. This represents a 8.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the sale, the chief financial officer now directly owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company’s stock.

Nutanix Price Performance

Nutanix stock opened at $66.05 on Friday. The firm’s fifty day moving average price is $66.23 and its 200 day moving average price is $59.05. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of -188.71, a price-to-earnings-growth ratio of 10.14 and a beta of 1.13. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.