KLP Kapitalforvaltning AS Takes $5.16 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

KLP Kapitalforvaltning AS purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 84,300 shares of the technology company’s stock, valued at approximately $5,157,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after acquiring an additional 146 shares in the last quarter. Freedom Investment Management Inc. grew its stake in Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after purchasing an additional 151 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock valued at $349,000 after buying an additional 188 shares during the last quarter. Principal Securities Inc. raised its stake 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 buying an additional 199 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after buying an additional 256 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Insider Activity at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now owns 3,050 shares of the company’s stock, valued at approximately $232,288. This trade represents a 69.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction dated 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 owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,886 shares of company stock worth $417,646,356 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NTNX shares. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Piper Sandler increased their target price on shares of Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price target on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, Oppenheimer increased their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $87.79.

Nutanix Price Performance

Shares of Nutanix stock opened at $74.92 on Wednesday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The company has a market capitalization of $19.98 billion, a P/E ratio of -214.06, a PEG ratio of 11.80 and a beta of 1.04. The business’s fifty day moving average price is $70.01 and its two-hundred day moving average price is $66.17.

About Nutanix

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.