4,190 Shares in Nutanix, Inc. (NASDAQ:NTNX) Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. bought a new position in Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,190 shares of the technology company’s stock, valued at approximately $256,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Nutanix by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock worth $1,568,447,000 after buying an additional 146,854 shares during the period. Geode Capital Management LLC grew its holdings in Nutanix by 0.5% in the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock worth $245,968,000 after purchasing an additional 22,091 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Nutanix by 15.3% in 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 in the last quarter. Two Sigma Advisers LP increased 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 purchasing an additional 695,567 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock valued at $88,271,000 after purchasing an additional 33,980 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Raymond James set a $83.00 target price on Nutanix in a research note on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Oppenheimer upped their target price on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Piper Sandler increased their target price on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Nutanix has an average rating of “Buy” and a consensus price target of $87.79.

Insider Buying and Selling

In related 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 value of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,610,886 shares of company stock worth $417,646,356. Insiders own 6.80% of the company’s stock.

Nutanix Price Performance

NASDAQ NTNX opened at $71.02 on Friday. The business’s fifty day moving average is $70.38 and its 200-day moving average is $66.34. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of -202.91, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99.

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.