Captrust Financial Advisors Raises Position in Nutanix, Inc. (NASDAQ:NTNX)

Captrust Financial Advisors grew its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 108.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,131 shares of the technology company's stock after purchasing an additional 13,602 shares during the period. Captrust Financial Advisors' holdings in Nutanix were worth $1,599,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in shares of Nutanix during the fourth quarter valued at approximately $195,758,000. Pictet Asset Management Holding SA grew its stake in shares of Nutanix by 6,785.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock valued at $130,885,000 after buying an additional 2,108,269 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Nutanix during the fourth quarter valued at approximately $91,639,000. Raymond James Financial Inc. bought a new position in shares of Nutanix during the fourth quarter valued at approximately $86,824,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Nutanix by 5,473.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock valued at $29,325,000 after buying an additional 470,717 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 61,057 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the sale, the chief executive officer now owns 497,309 shares of the company's stock, valued at approximately $39,287,411. This represents a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,575,797 shares of company stock worth $415,742,123 over the last 90 days. Company insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Nutanix stock traded up $0.30 during mid-day trading on Monday, reaching $83.07. 1,750,244 shares of the company were exchanged, compared to its average volume of 2,559,735. The business has a fifty day moving average of $69.02 and a 200 day moving average of $68.17. The firm has a market cap of $22.15 billion, a P/E ratio of -237.34, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $83.36.

Analyst Ratings Changes

NTNX has been the topic of a number of analyst reports. Needham & Company LLC upped their target price on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Raymond James set a $83.00 price target on Nutanix in a report on Thursday, February 27th. Oppenheimer boosted their price target on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, UBS Group boosted their price target on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $87.85.

Nutanix Company 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.