Melqart Asset Management UK Ltd Has $10.89 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

Melqart Asset Management UK Ltd trimmed its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 9.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 178,044 shares of the technology company’s stock after selling 19,639 shares during the quarter. Nutanix comprises about 1.3% of Melqart Asset Management UK Ltd’s holdings, making the stock its 23rd biggest position. Melqart Asset Management UK Ltd’s holdings in Nutanix were worth $10,893,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Harbour Investments Inc. lifted its stake 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 acquiring an additional 418 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares during the last quarter. Principal Securities Inc. raised its holdings in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nutanix during the 4th quarter worth about $40,000. Finally, Larson Financial Group LLC increased its holdings in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

Nutanix stock opened at $67.16 on Friday. The firm has a market capitalization of $17.91 billion, a P/E ratio of -191.89, a P/E/G ratio of 11.80 and a beta of 0.84. The stock has a fifty day moving average price of $67.82 and a two-hundred day moving average price of $66.80. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now directly owns 3,050 shares of the company’s stock, valued at $232,288. This trade represents a 69.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,610,592 shares of company stock worth $417,628,260 in the last quarter. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays set a $94.00 price target on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. UBS Group upped their price target on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada raised their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock 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.