Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Bokf Na

BOKF NA grew its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 74,300.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,464 shares of the technology company's stock after buying an additional 4,458 shares during the quarter. BOKF NA's holdings in Nutanix were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. raised its holdings in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares during the period. Allworth Financial LP grew its position in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after acquiring an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nutanix during the 4th quarter worth $40,000. Finally, Larson Financial Group LLC lifted its stake in Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 85.25% of the company's stock.

Analyst Ratings Changes

NTNX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Piper Sandler dropped their price target on Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Finally, Barclays set a $94.00 target price on Nutanix and gave the company an "overweight" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $87.85.

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was 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 in the company, valued at approximately $41,877,450. The trade was 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 accessible through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares of the company's stock, valued at $232,288. This trade represents a 69.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,575,797 shares of company stock valued at $415,742,123 over the last ninety days. 6.80% of the stock is owned by insiders.

Nutanix Stock Down 0.7%

NASDAQ NTNX traded down $0.57 during trading hours on Wednesday, hitting $81.83. 3,232,249 shares of the company were exchanged, compared to its average volume of 2,556,607. The stock has a 50-day moving average price of $67.84 and a 200 day moving average price of $67.62. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $83.40. The stock has a market cap of $21.82 billion, a PE ratio of -233.80, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

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.