First Trust Advisors LP Has $214.06 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

First Trust Advisors LP lifted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 9.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,498,768 shares of the technology company’s stock after buying an additional 297,754 shares during the period. First Trust Advisors LP’s holdings in Nutanix were worth $214,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new stake in Nutanix in the fourth quarter valued at $195,758,000. Pictet Asset Management Holding SA increased its position in Nutanix by 6,785.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company’s stock worth $130,885,000 after acquiring an additional 2,108,269 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of Nutanix during the fourth quarter worth approximately $91,639,000. Raymond James Financial Inc. acquired a new position in Nutanix in the 4th quarter valued at $86,824,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in 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 during the period. Institutional investors own 85.25% of the company’s stock.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction 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 completion of the sale, the director now owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the sale, the chief executive officer now owns 540,463 shares of the company’s stock, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610,592 shares of company stock worth $417,628,260. Corporate insiders own 6.80% of the company’s stock.

Nutanix Stock Down 0.4 %

Shares of NTNX stock opened at $61.63 on Friday. The stock has a fifty day moving average of $68.62 and a 200 day moving average of $66.74. The firm has a market capitalization of $16.43 billion, a price-to-earnings ratio of -176.09, a PEG ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NTNX shares. Needham & Company LLC raised their price objective on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the stock an “overweight” rating in a report on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $87.85.

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.