Massachusetts Financial Services Co. MA has increased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 0.9% during the fourth quarter, according to a recent disclosure with the Securities and Exchange Commission. The company now owns 103,926 shares of Nutanix, worth $4,956,000. Other large investors have also adjusted their positions in the company, with Dimensional Fund Advisors LP, Seven Grand Managers LLC, Donoghue Forlines LLC, Counterpoint Mutual Funds LLC, and Cullen Frost Bankers Inc. all making changes to their holdings. Insiders at Nutanix have also been active, with CFO Rukmini Sivaraman selling a significant number of shares in April. Another insider, Tyler Wall, sold shares in March.
Nutanix’s stock opened at $70.29 on Monday, with a one-year low of $24.81 and a high of $70.69. The company reported earnings of $0.17 per share for its most recent quarter, exceeding analysts’ expectations. Wall Street analysts have been bullish on Nutanix, with several firms raising their price targets and giving the stock positive ratings. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.69.
Nutanix, Inc. provides an enterprise cloud platform that offers hyperconverged infrastructure software, virtualization solutions, network services, and Kubernetes management tools. The company operates in various regions globally, including North America, Europe, and Asia Pacific.
For more information and in-depth analysis on Nutanix, readers can access the company’s latest research report on MarketBeat.com.
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