Simon Quick Advisors LLC Buys Shares of 6,961 Nutanix (NASDAQ:NTNX)

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

A number of other large investors also recently bought and sold shares of the stock. Yousif Capital Management LLC purchased a new stake in shares of Nutanix during the 4th quarter worth about $201,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Nutanix by 73.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,679 shares of the technology company's stock valued at $104,000 after buying an additional 711 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Nutanix in the 4th quarter valued at $5,572,000. New York State Teachers Retirement System purchased a new position in shares of Nutanix in the 4th quarter valued at $908,000. Finally, Rhumbline Advisers lifted its holdings in shares of Nutanix by 15.2% during the 4th quarter. Rhumbline Advisers now owns 626,894 shares of the technology company's stock valued at $38,353,000 after acquiring an additional 82,484 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Performance

Shares of NTNX stock traded up $1.25 during mid-day trading on Tuesday, reaching $73.65. 3,527,091 shares of the company were exchanged, compared to its average volume of 2,547,741. The business's 50 day simple moving average is $72.55 and its 200 day simple moving average is $69.28. The company has a market capitalization of $19.74 billion, a P/E ratio of -263.04, a P/E/G ratio of 6.58 and a beta of 0.69. Nutanix has a fifty-two week low of $43.35 and a fifty-two week high of $83.36.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 61,057 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the sale, the chief executive officer now directly owns 497,309 shares of the company's stock, valued at approximately $39,287,411. This represents a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix 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 of the company's stock, valued at approximately $420,954,747.08. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,558,364 shares of company stock worth $427,057,406 in the last ninety days. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NTNX. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price target (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Raymond James Financial lowered Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Finally, Barclays set a $94.00 price target on Nutanix 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.38.

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.