Simon Quick Advisors LLC Takes $486,000 Position in Nutanix, Inc. (NASDAQ:NTNX)

Simon Quick Advisors LLC purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,961 shares of the technology company's stock, valued at approximately $486,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NTNX. Yousif Capital Management LLC acquired a new position in Nutanix in the 4th quarter worth approximately $201,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Nutanix by 73.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,679 shares of the technology company's stock worth $104,000 after purchasing an additional 711 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Nutanix during the 4th quarter worth approximately $5,572,000. New York State Teachers Retirement System acquired a new stake in shares of Nutanix during the 4th quarter worth approximately $908,000. Finally, Rhumbline Advisers grew its stake in shares of Nutanix by 15.2% during the 4th quarter. Rhumbline Advisers now owns 626,894 shares of the technology company's stock worth $38,353,000 after purchasing an additional 82,484 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Down 2.0%

NTNX stock traded down $1.47 during midday trading on Friday, reaching $72.13. The stock had a trading volume of 2,263,179 shares, compared to its average volume of 2,533,136. The company's fifty day simple moving average is $72.11 and its 200 day simple moving average is $69.16. The company has a market cap of $19.23 billion, a price-to-earnings ratio of -206.09, a price-to-earnings-growth ratio of 11.80 and a beta of 0.69. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $83.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NTNX shares. JPMorgan Chase & Co. raised their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Wall Street Zen cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 price objective (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Raymond James cut shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company raised their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $90.38.

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 61,057 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the transaction, the chief executive officer now owns 497,309 shares of the company's stock, valued at approximately $39,287,411. The trade was a 10.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Virginia Gambale sold 7,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $78.00, for a total transaction of $546,000.00. Following the transaction, the director now directly owns 38,330 shares in the company, valued at approximately $2,989,740. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,556,264 shares of company stock worth $426,904,673. Corporate insiders own 6.80% of the company's stock.

Nutanix 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.