Nutanix, Inc. (NASDAQ:NTNX) Stock Holdings Lifted by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC lifted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 238.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 152,790 shares of the technology company's stock after purchasing an additional 107,583 shares during the quarter. Nutanix comprises about 1.7% of Abacus FCF Advisors LLC's investment portfolio, making the stock its 25th largest position. Abacus FCF Advisors LLC owned approximately 0.06% of Nutanix worth $10,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in NTNX. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Nutanix during the first quarter worth about $125,000. GAMMA Investing LLC grew its holdings in Nutanix by 63.7% in the first quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock valued at $193,000 after purchasing an additional 1,077 shares during the last quarter. Pallas Capital Advisors LLC increased its position in shares of Nutanix by 102.0% in the first quarter. Pallas Capital Advisors LLC now owns 27,134 shares of the technology company's stock valued at $1,894,000 after buying an additional 13,702 shares in the last quarter. Daymark Wealth Partners LLC purchased a new stake in shares of Nutanix in the 1st quarter worth about $223,000. Finally, Toth Financial Advisory Corp grew its stake in Nutanix by 10.1% in the 1st quarter. Toth Financial Advisory Corp now owns 13,890 shares of the technology company's stock valued at $970,000 after acquiring an additional 1,270 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Buying and Selling

In other news, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares of the company's stock, valued at approximately $41,877,450. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the sale, the director now directly owns 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,556,264 shares of company stock worth $426,904,673. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Trading Down 0.7%

NTNX stock traded down $0.50 during trading on Thursday, reaching $73.57. The stock had a trading volume of 2,318,140 shares, compared to its average volume of 2,533,836. The firm has a fifty day moving average price of $71.53 and a 200 day moving average price of $69.16. The company has a market capitalization of $19.62 billion, a P/E ratio of -210.20, a PEG ratio of 11.80 and a beta of 0.69. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.36.

Analysts Set New Price Targets

Several analysts have issued reports on NTNX shares. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Susquehanna lifted their price objective on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Thursday, May 29th. Raymond James lowered shares of Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Finally, UBS Group lifted their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of "Buy" and a consensus target price of $90.38.

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.