Handelsbanken Fonder AB Purchases 5,700 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Handelsbanken Fonder AB grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 9.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 64,000 shares of the technology company’s stock after buying an additional 5,700 shares during the period. Handelsbanken Fonder AB’s holdings in Nutanix were worth $3,916,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bain Capital Investors LLC acquired a new position in Nutanix in the third quarter worth about $998,601,000. Champlain Investment Partners LLC grew its stake in shares of Nutanix by 3.7% during the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock valued at $354,867,000 after purchasing an additional 215,363 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Nutanix by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after purchasing an additional 22,091 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Nutanix by 15.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after purchasing an additional 374,328 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after acquiring an additional 695,567 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $69.74 on Monday. The firm has a 50 day moving average price of $66.31 and a two-hundred day moving average price of $63.51. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The stock has a market cap of $18.69 billion, a P/E ratio of -199.26, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17.

Insiders Place Their Bets

In other news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at $37,832,410. This represents 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 sold 177,917 shares of company stock worth $12,114,781. 6.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTNX. UBS Group began coverage on shares of Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective on the stock. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday. Raymond James reduced their price target on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Morgan Stanley lifted their price target on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, Needham & Company LLC lifted their price target on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

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.