Yarbrough Capital LLC purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,490 shares of the technology company's stock, valued at approximately $383,000.
Several other institutional investors have also modified their holdings of NTNX. Harbour Investments Inc. grew 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 acquiring an additional 418 shares in the last quarter. Colonial Trust Co SC acquired a new position in shares of Nutanix in the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock worth $30,000 after acquiring an additional 191 shares in the last quarter. Allworth Financial LP grew its stake in shares of Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after acquiring an additional 256 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on NTNX. Wall Street Zen raised shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. lifted their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $92.00 price objective on shares of Nutanix in a research report on Thursday, May 29th. Piper Sandler reaffirmed an "overweight" rating and set a $88.00 price objective (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Nutanix presently has an average rating of "Buy" and an average target price of $90.38.
View Our Latest Report on Nutanix
Insider Buying and Selling
In related news, CEO Rajiv Ramaswami sold 61,057 shares of the 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 completion of the transaction, the chief executive officer now directly owns 497,309 shares of the company's stock, valued at $39,287,411. This represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 6.80% of the stock is currently owned by corporate insiders.
Nutanix Stock Down 1.6%
NTNX traded down $1.23 on Friday, reaching $77.11. The company had a trading volume of 4,364,831 shares, compared to its average volume of 2,523,189. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $83.36. The stock has a market capitalization of $20.56 billion, a PE ratio of -220.31, a P/E/G ratio of 11.80 and a beta of 0.69. The stock has a 50-day moving average price of $70.93 and a 200-day moving average price of $69.08.
About Nutanix
(
Free Report)
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.
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