Worldquant Millennium Advisors LLC Takes $24.11 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

Worldquant Millennium Advisors LLC purchased a new stake in Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 394,016 shares of the technology company’s stock, valued at approximately $24,106,000.

A number of other institutional investors also recently modified their holdings of NTNX. Harbour Investments Inc. increased its position in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after acquiring an additional 418 shares during the period. Colonial Trust Co SC bought a new position in Nutanix during the fourth quarter worth $28,000. Allworth Financial LP increased its position in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. increased its position in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after acquiring an additional 199 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix during the fourth quarter worth $40,000. Institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were 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 owns 3,050 shares in the company, valued at $232,288. This represents a 69.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,575,797 shares of company stock valued at $415,742,123 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Nutanix Price Performance

Shares of Nutanix stock opened at $81.42 on Wednesday. The firm has a market capitalization of $21.71 billion, a PE ratio of -232.63, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The company’s fifty day moving average price is $69.32 and its two-hundred day moving average price is $68.26. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $83.36.

Analyst Ratings Changes

NTNX has been the topic of a number of research reports. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. Wells Fargo & Company boosted their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their target price on shares of Nutanix from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Raymond James lowered shares of Nutanix from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.23.

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.