Swiss National Bank Acquires 230,200 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Swiss National Bank increased its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 47.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 711,500 shares of the technology company’s stock after purchasing an additional 230,200 shares during the period. Swiss National Bank’s holdings in Nutanix were worth $43,530,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares during the period. Advisors Asset Management Inc. grew its stake in shares of 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 purchasing an additional 321 shares during the period. Principal Securities Inc. grew its stake in shares of Nutanix by 52.4% during the 4th 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, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nutanix during the 4th quarter valued at about $40,000. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of recent research reports. Raymond James set a $83.00 price target on Nutanix in a research note on Thursday, February 27th. UBS Group boosted their price target on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Needham & Company LLC boosted their price objective on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Barclays set a $94.00 price objective on Nutanix and gave the company an “overweight” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $87.79.

Insider Buying and Selling

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. This represents a 32.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the sale, the director now directly owns 3,050 shares in the company, valued at $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,621,016 shares of company stock valued at $418,245,020. Corporate insiders own 6.80% of the company’s stock.

Nutanix Trading Up 4.1 %

NASDAQ NTNX opened at $69.47 on Monday. The stock’s 50 day moving average is $68.59 and its 200 day moving average is $65.66. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The stock has a market cap of $18.61 billion, a PE ratio of -198.49, a P/E/G ratio of 11.80 and a beta of 1.04.

Nutanix 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.