SG Americas Securities LLC purchased a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 98,526 shares of the technology company's stock, valued at approximately $6,878,000.
A number of other institutional investors also recently bought and sold shares of NTNX. Larson Financial Group LLC lifted its position in Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after buying an additional 146 shares during the period. True Wealth Design LLC lifted its position in 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 buying an additional 146 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in shares of 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 purchasing an additional 159 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Nutanix by 3.4% in the 4th 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Nutanix by 78.0% in 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 hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on NTNX shares. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 price objective on shares of Nutanix in a research note on Thursday, May 29th. Finally, Wall Street Zen cut Nutanix from a "strong-buy" rating to a "buy" rating in a report on Saturday. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.38.
Check Out Our Latest Stock Report on NTNX
Nutanix Stock Down 2.0%
Shares of NTNX traded down $1.47 during trading on Friday, reaching $72.13. The company's stock had a trading volume of 2,263,179 shares, compared to its average volume of 2,533,136. The company has a market cap of $19.23 billion, a price-to-earnings ratio of -206.09, a P/E/G ratio of 11.80 and a beta of 0.69. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $83.36. The company has a fifty day moving average of $72.11 and a two-hundred day moving average of $69.16.
Insider Activity at Nutanix
In related news, Director Groen Max Pieter De sold 5,480,467 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the completion of the transaction, the director now directly owns 5,480,468 shares in the company, valued at $420,954,747.08. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Virginia Gambale sold 7,000 shares of the company'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 owns 38,330 shares of the company's stock, valued at approximately $2,989,740. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,556,264 shares of company stock valued at $426,904,673. Corporate insiders own 6.80% of the company's stock.
Nutanix Company Profile
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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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