Asset Management One Co. Ltd. Acquires 7,251 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Asset Management One Co. Ltd. lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 872.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,082 shares of the technology company’s stock after acquiring an additional 7,251 shares during the period. Asset Management One Co. Ltd.’s holdings in Nutanix were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. BluePath Capital Management LLC bought a new position in shares of Nutanix in the 3rd quarter worth about $31,000. BOK Financial Private Wealth Inc. bought a new position in shares of Nutanix in the 3rd quarter worth about $42,000. International Assets Investment Management LLC bought a new position in shares of Nutanix in the 3rd quarter worth about $46,000. Point72 Hong Kong Ltd bought a new position in shares of Nutanix in the 1st quarter worth about $35,000. Finally, Fifth Third Bancorp bought a new position in shares of Nutanix in the 4th quarter worth about $62,000. 85.25% of the stock is owned by institutional investors.

Insider Transactions at Nutanix

In other news, insider Tyler Wall sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the transaction, the insider now owns 13,168 shares in the company, valued at approximately $819,708. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares in the company, valued at approximately $9,368,008.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tyler Wall sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total value of $933,750.00. Following the completion of the transaction, the insider now owns 13,168 shares in the company, valued at approximately $819,708. The disclosure for this sale can be found here. Insiders have sold 129,506 shares of company stock worth $8,270,938 in the last 90 days. Insiders own 0.46% of the company’s stock.

Nutanix Stock Performance

NTNX stock opened at $63.22 on Friday. The company has a market capitalization of $15.45 billion, a P/E ratio of -175.61 and a beta of 1.29. Nutanix, Inc. has a 52-week low of $23.34 and a 52-week high of $66.99. The business has a 50-day simple moving average of $61.56 and a two-hundred day simple moving average of $49.77.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. As a group, sell-side analysts forecast that Nutanix, Inc. will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on NTNX. KeyCorp boosted their target price on Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Bank of America boosted their target price on Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. William Blair raised Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Susquehanna boosted their target price on Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Wednesday. Finally, Barclays boosted their target price on Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and a consensus price target of $65.17.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.