Tocqueville Asset Management L.P. lifted its position in shares of Nutanix Inc (NASDAQ:NTNX) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,125 shares of the technology company’s stock after purchasing an additional 5,505 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Nutanix were worth $1,380,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Delpha Capital Management LLC bought a new position in shares of Nutanix during the fourth quarter worth $104,000. Focused Wealth Management Inc boosted its position in shares of Nutanix by 107.2% during the fourth quarter. Focused Wealth Management Inc now owns 4,059 shares of the technology company’s stock worth $143,000 after purchasing an additional 2,100 shares in the last quarter. US Bancorp DE boosted its position in shares of Nutanix by 850.6% during the fourth quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock worth $168,000 after purchasing an additional 4,253 shares in the last quarter. First American Bank bought a new position in shares of Nutanix during the fourth quarter worth $207,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Nutanix during the fourth quarter worth $212,000. 44.29% of the stock is currently owned by institutional investors.
Shares of Nutanix Inc (NASDAQ:NTNX) opened at $49.10 on Monday. Nutanix Inc has a 52 week low of $14.38 and a 52 week high of $49.80.
In other Nutanix news, EVP David Sangster sold 5,892 shares of Nutanix stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $36.32, for a total value of $213,997.44. Following the sale, the executive vice president now directly owns 12,500 shares in the company, valued at approximately $454,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $35.29, for a total transaction of $3,176,100.00. Following the completion of the sale, the president now owns 228,330 shares in the company, valued at $8,057,765.70. The disclosure for this sale can be found here. Insiders sold a total of 2,898,918 shares of company stock worth $107,883,013 over the last quarter. Company insiders own 19.81% of the company’s stock.
NTNX has been the topic of a number of recent analyst reports. Vetr cut shares of Nutanix from a “buy” rating to a “sell” rating and set a $31.98 price target on the stock. in a research report on Tuesday, February 20th. Wells Fargo & Co lifted their price target on shares of Nutanix from $43.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, March 2nd. Maxim Group restated a “buy” rating and set a $51.00 price objective on shares of Nutanix in a report on Friday, December 22nd. Needham & Company LLC began coverage on shares of Nutanix in a report on Wednesday, November 22nd. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Robert W. Baird restated a “buy” rating and set a $41.00 price objective on shares of Nutanix in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Nutanix currently has a consensus rating of “Buy” and an average target price of $39.96.
COPYRIGHT VIOLATION NOTICE: “Nutanix Inc (NTNX) Stake Boosted by Tocqueville Asset Management L.P.” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/03/12/nutanix-inc-ntnx-stake-boosted-by-tocqueville-asset-management-l-p.html.
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.