Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 58.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 33,068 shares of the technology company's stock after buying an additional 12,140 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Nutanix were worth $2,023,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NTNX shares. JPMorgan Chase & Co. boosted their target price on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $92.00 price objective on shares of Nutanix in a research report on Thursday, May 29th. Morgan Stanley restated an "overweight" rating and set a $90.00 target price (up from $75.00) on shares of Nutanix in a research report on Tuesday, May 20th. Piper Sandler restated an "overweight" rating and issued a $88.00 price target (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Finally, Susquehanna upped their price target on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $90.38.

Nutanix Stock Down 2.2%

Shares of NASDAQ NTNX traded down $1.67 during midday trading on Monday, hitting $75.44. The stock had a trading volume of 2,691,066 shares, compared to its average volume of 2,523,861. The stock has a 50 day simple moving average of $70.93 and a 200-day simple moving average of $69.07. The company has a market capitalization of $20.12 billion, a PE ratio of -215.54, a P/E/G 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.

Insider Buying and Selling

In other Nutanix news, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the sale, the director now owns 5,480,468 shares of the company's stock, valued at $420,954,747.08. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed 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 $41,877,450. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,549,264 shares of company stock worth $426,358,673. 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.