4,500 Shares in Nutanix, Inc. (NASDAQ:NTNX) Purchased by Texas Bank & Trust Co

Texas Bank & Trust Co purchased a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,500 shares of the technology company's stock, valued at approximately $275,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NTNX. Harbour Investments Inc. raised its holdings in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after acquiring an additional 418 shares during the period. Colonial Trust Co SC bought a new position in Nutanix during the fourth quarter worth about $28,000. Allworth Financial LP boosted its stake in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. increased its holdings in shares of Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nutanix in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NTNX. Northland Capmk upgraded shares of Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Morgan Stanley raised their target price on shares of Nutanix from $75.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Raymond James downgraded Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nutanix currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.23.

Nutanix Price Performance

Shares of NASDAQ:NTNX traded down $0.14 during trading on Thursday, reaching $79.86. 3,158,529 shares of the stock were exchanged, compared to its average volume of 2,564,655. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of -228.17, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The stock has a fifty day moving average of $69.53 and a two-hundred day moving average of $68.34. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.36.

Insider Activity at Nutanix

In other news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares in the company, valued at $232,288. This represents a 69.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now 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 quarter, insiders have sold 5,575,797 shares of company stock valued at $415,742,123. 6.80% of the stock is owned by corporate insiders.

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.