Nomura Asset Management Co. Ltd. Makes New $4.22 Million Investment in Nutanix, Inc. (NASDAQ:NTNX)

Nomura Asset Management Co. Ltd. purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 68,980 shares of the technology company’s stock, valued at approximately $4,220,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTNX. Harbour Investments Inc. grew its position in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after purchasing an additional 418 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nutanix in the fourth quarter valued at about $40,000. Finally, Larson Financial Group LLC raised its holdings in Nutanix by 28.6% during the fourth 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. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several recent analyst reports. Needham & Company LLC boosted their price target on Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on shares of Nutanix in a research note on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Finally, UBS Group raised their target price on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $87.79.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $69.80 on Wednesday. The business’s 50 day simple moving average is $70.56 and its 200 day simple moving average is $66.56. 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 $18.61 billion, a P/E ratio of -199.43, a P/E/G ratio of 11.80 and a beta of 1.04.

Insider Transactions at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 11,354,032 shares in the company, valued at $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 available at the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were 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 in the company, valued at approximately $41,877,450. This represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is owned by corporate insiders.

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.