Geode Capital Management LLC lifted its holdings in Nutanix Inc (NASDAQ:NTNX) by 18.0% in the 4th quarter, HoldingsChannel reports. The firm owned 919,666 shares of the technology company’s stock after purchasing an additional 140,610 shares during the quarter. Geode Capital Management LLC’s holdings in Nutanix were worth $38,248,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Nutanix by 228.6% in the 4th quarter. Parallel Advisors LLC now owns 782 shares of the technology company’s stock valued at $32,000 after purchasing an additional 544 shares in the last quarter. First Hawaiian Bank purchased a new position in shares of Nutanix in the 4th quarter valued at about $35,000. Avestar Capital LLC increased its stake in shares of Nutanix by 298.2% in the 4th quarter. Avestar Capital LLC now owns 1,521 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,139 shares in the last quarter. We Are One Seven LLC purchased a new position in shares of Nutanix in the 4th quarter valued at about $50,000. Finally, Captrust Financial Advisors increased its stake in shares of Nutanix by 89.3% in the 4th quarter. Captrust Financial Advisors now owns 1,552 shares of the technology company’s stock valued at $65,000 after purchasing an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 55.84% of the company’s stock.

Several brokerages recently weighed in on NTNX. Maxim Group restated a “buy” rating and issued a $58.00 price target (down previously from $62.00) on shares of Nutanix in a research note on Friday, March 22nd. William Blair reiterated an “outperform” rating on shares of Nutanix in a report on Thursday, March 21st. Jefferies Financial Group boosted their target price on Nutanix from $42.00 to $49.00 in a report on Thursday, March 21st. Deutsche Bank assumed coverage on Nutanix in a report on Tuesday, March 12th. They set a “hold” rating on the stock. Finally, Raymond James lowered shares of Nutanix from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.53.

In other Nutanix news, Director John Mcadam sold 15,000 shares of Nutanix stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $40.00, for a total value of $600,000.00. Following the transaction, the director now owns 54,024 shares in the company, valued at approximately $2,160,960. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tyler Wall sold 34,144 shares of Nutanix stock in a transaction on Friday, December 28th. The shares were sold at an average price of $40.36, for a total transaction of $1,378,051.84. Following the completion of the transaction, the insider now owns 335 shares in the company, valued at approximately $13,520.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,170 shares of company stock worth $4,880,793. 14.57% of the stock is owned by company insiders.

Shares of NASDAQ NTNX opened at $36.97 on Thursday. Nutanix Inc has a 1 year low of $32.52 and a 1 year high of $64.87. The company has a market cap of $7.31 billion, a P/E ratio of -21.88 and a beta of 1.06. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.15.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, February 28th. The technology company reported ($0.55) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.57) by $0.02. The firm had revenue of $335.36 million for the quarter, compared to analyst estimates of $331.04 million. Nutanix had a negative net margin of 31.41% and a negative return on equity of 90.83%. Sell-side analysts anticipate that Nutanix Inc will post -2.95 earnings per share for the current year.

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Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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