Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Whipplewood Advisors LLC

Whipplewood Advisors LLC boosted its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 982,820.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,438 shares of the technology company's stock after buying an additional 147,423 shares during the quarter. Nutanix makes up about 3.1% of Whipplewood Advisors LLC's portfolio, making the stock its 6th biggest position. Whipplewood Advisors LLC owned about 0.06% of Nutanix worth $10,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC raised its position in Nutanix by 180.8% in the 1st quarter. Merit Financial Group LLC now owns 18,292 shares of the technology company's stock valued at $1,277,000 after buying an additional 11,777 shares during the last quarter. Rhumbline Advisers raised its position in Nutanix by 8.4% in the 1st quarter. Rhumbline Advisers now owns 679,510 shares of the technology company's stock valued at $47,437,000 after buying an additional 52,616 shares during the last quarter. Doliver Advisors LP raised its position in Nutanix by 30.3% in the 1st quarter. Doliver Advisors LP now owns 8,885 shares of the technology company's stock valued at $620,000 after buying an additional 2,065 shares during the last quarter. GAMMA Investing LLC raised its position in Nutanix by 11,327.2% in the 1st quarter. GAMMA Investing LLC now owns 193,234 shares of the technology company's stock valued at $13,490,000 after buying an additional 191,543 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Nutanix by 972.7% in the 1st quarter. Versant Capital Management Inc now owns 7,820 shares of the technology company's stock valued at $546,000 after buying an additional 7,091 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wells Fargo & Company raised their price target on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Piper Sandler restated an "overweight" rating and issued a $88.00 price target (up from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Oppenheimer raised their price target on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Nutanix has an average rating of "Buy" and an average target price of $90.38.

Insider Activity at Nutanix

In related news, CEO Rajiv Ramaswami sold 61,057 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the sale, the chief executive officer now directly owns 497,309 shares in the company, valued at $39,287,411. The trade was a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Stock Down 1.6%

Shares of NASDAQ NTNX traded down $1.23 during midday trading on Friday, hitting $77.11. 4,364,831 shares of the company's stock were exchanged, compared to its average volume of 2,524,073. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $83.36. The company's 50 day moving average price is $70.93 and its 200 day moving average price is $69.08. The firm has a market capitalization of $20.56 billion, a PE ratio of -220.31, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

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.