Mitsubishi UFJ Trust & Banking Corp Takes $9.11 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, Holdings Channel reports. The fund bought 148,914 shares of the technology company’s stock, valued at approximately $9,111,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Nutanix during the fourth quarter worth $86,824,000. Two Sigma Advisers LP grew its position in shares of 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 during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Nutanix by 5,473.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after purchasing an additional 470,717 shares in the last quarter. Stephens Investment Management Group LLC raised its position in shares of Nutanix by 235.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock worth $33,313,000 after purchasing an additional 382,232 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after buying an additional 374,328 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Buying and Selling

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares in the company, valued at approximately $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. Over the last three months, insiders sold 5,610,886 shares of company stock worth $417,646,356. Company insiders own 6.80% of the company’s stock.

Nutanix Price Performance

Nutanix stock opened at $71.02 on Friday. The stock has a market cap of $18.94 billion, a price-to-earnings ratio of -202.91, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The firm has a 50 day simple moving average of $70.38 and a 200-day simple moving average of $66.38. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NTNX shares. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. Barclays set a $94.00 price objective on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company upped their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Finally, UBS Group increased their target price on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned 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 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.