SG Americas Securities LLC Acquires New Position in Nutanix, Inc. (NASDAQ:NTNX)

SG Americas Securities LLC acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 98,526 shares of the technology company's stock, valued at approximately $6,878,000.

Several other large investors also recently modified their holdings of the stock. Abacus FCF Advisors LLC grew its position in shares of Nutanix by 238.0% during the 1st quarter. Abacus FCF Advisors LLC now owns 152,790 shares of the technology company's stock worth $10,666,000 after buying an additional 107,583 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Nutanix during the 1st quarter worth approximately $125,000. GAMMA Investing LLC grew its position in shares of Nutanix by 63.7% during the 1st quarter. GAMMA Investing LLC now owns 2,768 shares of the technology company's stock worth $193,000 after buying an additional 1,077 shares during the period. Pallas Capital Advisors LLC grew its position in shares of Nutanix by 102.0% during the 1st quarter. Pallas Capital Advisors LLC now owns 27,134 shares of the technology company's stock worth $1,894,000 after buying an additional 13,702 shares during the period. Finally, Daymark Wealth Partners LLC acquired a new stake in shares of Nutanix during the 1st quarter worth approximately $223,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Buying and Selling

In related news, Director Groen Max Pieter De sold 5,480,467 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the transaction, the director now directly owns 5,480,468 shares of the company's stock, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction dated Monday, March 24th. The shares were 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 owns 558,366 shares in the company, valued at $41,877,450. This represents a 1.37% 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. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NTNX shares. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 target price on shares of Nutanix in a report on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Oppenheimer increased 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. Finally, JPMorgan Chase & Co. increased their target price on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.38.

Nutanix Stock Performance

NTNX traded down $1.47 during mid-day trading on Friday, reaching $72.13. 2,263,179 shares of the stock were exchanged, compared to its average volume of 2,536,689. The company has a 50 day moving average price of $72.11 and a two-hundred day moving average price of $69.18. The stock has a market capitalization of $19.23 billion, a PE ratio of -206.09, a price-to-earnings-growth ratio of 11.80 and a beta of 0.69. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $83.36.

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.