Integrated Advisors Network LLC Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Integrated Advisors Network LLC bought a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 6,671 shares of the technology company's stock, valued at approximately $466,000.

A number of other hedge funds also recently made changes to their positions in NTNX. SG Americas Securities LLC acquired a new stake in Nutanix during the first quarter worth approximately $6,878,000. Abacus FCF Advisors LLC boosted its holdings in Nutanix by 238.0% in the first quarter. Abacus FCF Advisors LLC now owns 152,790 shares of the technology company's stock worth $10,666,000 after acquiring an additional 107,583 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Nutanix in the 1st quarter valued at about $125,000. GAMMA Investing LLC increased its stake in Nutanix by 63.7% in the 1st quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock valued at $193,000 after buying an additional 1,077 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in Nutanix by 102.0% in the 1st 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 during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Nutanix Trading Down 2.0%

NTNX stock traded down $1.47 during trading on Friday, reaching $72.13. The stock had a trading volume of 2,263,179 shares, compared to its average volume of 2,536,689. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $83.36. The stock's 50 day moving average is $72.11 and its two-hundred day moving average is $69.18. The firm has a market cap of $19.23 billion, a PE ratio of -206.09, a PEG ratio of 11.80 and a beta of 0.69.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NTNX. UBS Group lifted their price target on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Morgan Stanley reaffirmed an "overweight" rating and set a $90.00 price target (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Oppenheimer upped their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.38.

Insider Buying and Selling at Nutanix

In related news, Director Virginia Gambale sold 7,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total value of $546,000.00. Following the transaction, the director now directly owns 38,330 shares of the company's stock, valued at approximately $2,989,740. This trade represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 61,057 shares of the firm's stock in a transaction dated 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 directly owns 497,309 shares in the company, valued at approximately $39,287,411. This represents a 10.93% 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 valued at $426,904,673. 6.80% of the stock is owned by company insiders.

About Nutanix

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.