Perpetual Ltd Takes $520,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

Perpetual Ltd acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, Holdings Channel reports. The firm acquired 8,500 shares of the technology company’s stock, valued at approximately $520,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bain Capital Investors LLC purchased a new stake in shares of Nutanix during the third quarter worth about $998,601,000. Driehaus Capital Management LLC raised its position in shares of Nutanix by 123.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock valued at $81,593,000 after purchasing an additional 794,215 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares in the last quarter. Marshall Wace LLP grew its position in Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after purchasing an additional 477,838 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after purchasing an additional 374,328 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Analysts Set New Price Targets

NTNX has been the subject of several research reports. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 17th. Oppenheimer began coverage on Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target on the stock. Northland Securities reissued a “market perform” rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Raymond James decreased their target price on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, UBS Group began coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target on the stock. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.87.

Insider Buying and Selling

In other news, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,065 shares of company stock valued at $5,405,141. 6.80% of the stock is owned by company insiders.

Nutanix Stock Performance

Shares of Nutanix stock opened at $66.44 on Thursday. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The company has a market cap of $17.80 billion, a P/E ratio of -189.83, a price-to-earnings-growth ratio of 10.66 and a beta of 1.16. The firm has a 50-day simple moving average of $65.84 and a two-hundred day simple moving average of $60.62.

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.