Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by IFP Advisors Inc

IFP Advisors Inc raised its position in Nutanix, Inc. (NASDAQ:NTNX) by 60.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 55,842 shares of the technology company’s stock after purchasing an additional 21,089 shares during the period. IFP Advisors Inc’s holdings in Nutanix were worth $3,416,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Versor Investments LP grew its stake in Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock valued at $1,976,000 after acquiring an additional 22,652 shares during the period. Atreides Management LP acquired a new position in Nutanix during the third quarter worth $8,290,000. Two Sigma Advisers LP lifted its holdings in Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after purchasing an additional 695,567 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Nutanix by 101.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company’s stock valued at $2,486,000 after purchasing an additional 21,086 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in shares of Nutanix by 10.2% during the third quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock worth $80,287,000 after purchasing an additional 125,657 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

Nutanix stock opened at $68.43 on Tuesday. The firm has a 50 day simple moving average of $66.31 and a 200-day simple moving average of $63.63. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of -195.51, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80.

Insider Buying and Selling

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the sale, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at $42,738,888.90. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,917 shares of company stock worth $12,114,781. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NTNX. UBS Group assumed coverage on shares of Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target on the stock. Wells Fargo & Company raised their target price on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Raymond James lowered their price target on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Morgan Stanley increased their price objective on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Barclays lifted their target price on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.50.

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.