ORG Wealth Partners LLC Raises Stock Holdings in Nutanix (NASDAQ:NTNX)

ORG Wealth Partners LLC boosted its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 2,535.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,019 shares of the technology company's stock after purchasing an additional 11,563 shares during the period. ORG Wealth Partners LLC's holdings in Nutanix were worth $839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in Nutanix by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock worth $88,271,000 after buying an additional 33,980 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Nutanix by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock worth $453,000 after buying an additional 375 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Nutanix by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock worth $593,000 after buying an additional 325 shares during the last quarter. LPL Financial LLC lifted its holdings in Nutanix by 4.8% during the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock worth $4,389,000 after buying an additional 3,276 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in Nutanix during the 4th quarter worth approximately $234,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays set a $94.00 target price on Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Raymond James Financial cut Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. UBS Group increased their price target on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Oppenheimer increased their price target on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $90.00 price target (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Two 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. According to data from MarketBeat, Nutanix has an average rating of "Moderate Buy" and a consensus target price of $90.38.

Nutanix Stock Performance

Shares of NTNX stock opened at $73.59 on Thursday. Nutanix has a 1 year low of $43.35 and a 1 year high of $83.36. The stock has a market cap of $19.73 billion, a PE ratio of -262.82, a price-to-earnings-growth ratio of 6.69 and a beta of 0.69. The business's fifty day moving average is $72.70 and its 200-day moving average is $69.31.

Insider Activity

In other news, Director Groen Max Pieter De sold 5,480,467 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was 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 owns 5,480,468 shares of the company's stock, valued at $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares of the company's stock, valued at approximately $41,877,450. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,558,364 shares of company stock worth $427,057,406. 6.80% of the stock is owned by company insiders.

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.

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