Fjarde AP Fonden Fourth Swedish National Pension Fund Invests $4.15 Million in Nutanix, Inc. (NASDAQ:NTNX)

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 67,900 shares of the technology company’s stock, valued at approximately $4,154,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the period. Larson Financial Group LLC boosted its position in shares of Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares during the period. Principal Securities Inc. lifted its position in Nutanix by 52.4% during 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 period. Finally, Versant Capital Management Inc boosted its stake in shares of Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after buying an additional 623 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 177,917 shares of company stock worth $12,114,781. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on NTNX shares. UBS Group assumed coverage on shares of Nutanix in a research report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target on the stock. Oppenheimer initiated coverage on Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. Needham & Company LLC lifted their price objective on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Piper Sandler increased their price objective on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Nutanix has an average rating of “Moderate Buy” and an average price target of $79.50.

Nutanix Stock Performance

Shares of NTNX stock opened at $66.92 on Wednesday. The stock has a 50 day moving average price of $66.37 and a 200 day moving average price of $63.88. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The firm has a market capitalization of $17.93 billion, a P/E ratio of -191.20, a P/E/G ratio of 11.80 and a beta of 1.17.

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.