Annex Advisory Services LLC acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 534,221 shares of the technology company's stock, valued at approximately $37,294,000. Nutanix accounts for approximately 1.1% of Annex Advisory Services LLC's holdings, making the stock its 23rd largest holding. Annex Advisory Services LLC owned 0.20% of Nutanix as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its position in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after acquiring an additional 146 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Nutanix by 13.2% during the fourth quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after purchasing an additional 146 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of Nutanix by 0.5% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock valued at $2,134,000 after purchasing an additional 159 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after purchasing an additional 188 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Wells Fargo & Company increased their price target on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. Susquehanna raised their price objective on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday, May 29th. Raymond James lowered Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Finally, Barclays set a $94.00 target price on Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $90.38.
Check Out Our Latest Report on Nutanix
Insiders Place Their Bets
In other Nutanix news, CEO Rajiv Ramaswami sold 61,057 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer now directly owns 497,309 shares in the company, valued at $39,287,411. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.80% of the company's stock.
Nutanix Trading Down 1.6%
NASDAQ:NTNX traded down $1.23 on Friday, hitting $77.11. 4,364,831 shares of the company's stock traded hands, compared to its average volume of 2,528,707. The company has a market cap of $20.56 billion, a PE ratio of -220.31, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $83.36. The firm has a 50-day moving average price of $70.79 and a 200-day moving average price of $69.02.
Nutanix Profile
(
Free Report)
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.
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