GAMMA Investing LLC Buys 191,543 Shares of Nutanix, Inc. (NASDAQ:NTNX)

GAMMA Investing LLC boosted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 11,327.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,234 shares of the technology company's stock after buying an additional 191,543 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of Nutanix worth $13,490,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NTNX. Larson Financial Group LLC lifted its stake in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after buying an additional 146 shares in the last quarter. True Wealth Design LLC boosted its holdings in Nutanix by 13.2% in the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after buying an additional 146 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in Nutanix by 0.5% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 34,887 shares of the technology company's stock worth $2,134,000 after buying an additional 159 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Nutanix by 3.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after buying an additional 188 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after buying an additional 191 shares during the period. Institutional investors own 85.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on NTNX. Piper Sandler reaffirmed an "overweight" rating and issued a $88.00 price objective (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Susquehanna raised their price objective on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. Oppenheimer raised their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Raymond James downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nutanix has an average rating of "Buy" and a consensus price target of $90.38.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 61,057 shares of the firm's 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 $39,287,411. This trade represents a 10.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company's stock.

Nutanix Stock Down 1.6%

Shares of NASDAQ:NTNX opened at $77.11 on Friday. The stock has a market cap of $20.56 billion, a PE ratio of -220.31, a PEG ratio of 11.80 and a beta of 0.69. The company's fifty day moving average is $70.93 and its 200 day moving average is $69.08. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $83.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.