Simmons Bank Has $433,000 Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Simmons Bank raised its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 64.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,075 shares of the technology company’s stock after purchasing an additional 2,775 shares during the quarter. Simmons Bank’s holdings in Nutanix were worth $433,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bain Capital Investors LLC bought a new position in Nutanix during the third quarter worth $998,601,000. Two Sigma Advisers LP raised its holdings in shares of Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Nutanix by 5,473.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after acquiring an additional 470,717 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Nutanix by 235.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock valued at $33,313,000 after acquiring an additional 382,232 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after purchasing an additional 374,328 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays set a $94.00 target price on Nutanix and gave the company an “overweight” rating in a research report on Thursday. UBS Group boosted their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday. Finally, StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Nutanix has a consensus rating of “Moderate Buy” and a consensus target price of $87.79.

Nutanix Stock Up 10.4 %

Shares of NASDAQ NTNX opened at $76.54 on Friday. The firm’s 50-day moving average price is $66.74 and its 200-day moving average price is $64.01. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.90. The company has a market cap of $20.51 billion, a PE ratio of -218.69, a PEG ratio of 11.80 and a beta of 1.17.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the transaction, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 177,917 shares of company stock worth $12,114,781 in the last quarter. Company insiders own 6.80% of the company’s stock.

Nutanix 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.