Korea Investment CORP Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

Korea Investment CORP purchased a new position in Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 224,478 shares of the technology company’s stock, valued at approximately $13,734,000. Korea Investment CORP owned 0.08% of Nutanix at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after buying an additional 321 shares during the period. Cerity Partners LLC boosted its stake in shares of Nutanix by 159.9% in the third quarter. Cerity Partners LLC now owns 43,972 shares of the technology company’s stock worth $2,605,000 after acquiring an additional 27,053 shares during the period. Larson Financial Group LLC grew its position in shares of Nutanix by 122.7% during 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. The Manufacturers Life Insurance Company raised its stake in Nutanix by 150.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 45,765 shares of the technology company’s stock valued at $2,712,000 after purchasing an additional 27,502 shares during the period. Finally, Freedom Investment Management Inc. lifted its holdings in Nutanix by 4.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after purchasing an additional 151 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the sale, the chief executive officer now owns 558,366 shares of the company’s stock, valued at $41,877,450. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,610,886 shares of company stock worth $417,646,356. 6.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of research analyst reports. UBS Group increased their price objective on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price target on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Finally, Raymond James set a $83.00 target price on Nutanix in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nutanix presently has an average rating of “Buy” and a consensus price target of $87.79.

Nutanix Stock Performance

NASDAQ:NTNX opened at $71.02 on Monday. The firm has a market capitalization of $18.94 billion, a PE ratio of -202.91, a PEG ratio of 11.80 and a beta of 1.04. The stock’s fifty day moving average is $70.38 and its 200 day moving average is $66.42. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

Nutanix Company 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.