Counterpoint Mutual Funds LLC Buys 1,450 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Counterpoint Mutual Funds LLC grew its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 32.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,953 shares of the technology company’s stock after buying an additional 1,450 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Nutanix were worth $364,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. grew 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 worth $27,000 after purchasing an additional 418 shares in the last quarter. Allworth Financial LP grew its stake in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares in the last quarter. Larson Financial Group LLC grew its stake in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after purchasing an additional 281 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 2.4 %

NASDAQ:NTNX opened at $71.11 on Tuesday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The stock’s 50-day moving average price is $68.73 and its 200-day moving average price is $65.72. The stock has a market capitalization of $18.96 billion, a PE ratio of -203.17, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Analyst Ratings Changes

Several analysts have recently commented on NTNX shares. Raymond James set a $83.00 price objective on Nutanix in a report on Thursday, February 27th. Morgan Stanley raised their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Oppenheimer raised their target price on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Finally, UBS Group raised their target price on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $87.79.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,609,206 shares of company stock worth $417,458,120. Insiders own 6.80% of the company’s stock.

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.