Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Focus Partners Wealth

Focus Partners Wealth increased its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,902 shares of the technology company's stock after purchasing an additional 33,492 shares during the period. Focus Partners Wealth owned 0.07% of Nutanix worth $11,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NTNX. Wealth Enhancement Advisory Services LLC boosted its stake in Nutanix by 1.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,257 shares of the technology company's stock worth $1,259,000 after purchasing an additional 329 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in Nutanix by 2.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 13,432 shares of the technology company's stock worth $822,000 after purchasing an additional 384 shares in the last quarter. Accurate Wealth Management LLC raised its position in Nutanix by 41.8% during the 4th quarter. Accurate Wealth Management LLC now owns 18,562 shares of the technology company's stock worth $1,155,000 after buying an additional 5,473 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Nutanix by 111.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,138 shares of the technology company's stock worth $70,000 after buying an additional 600 shares during the last quarter. Finally, Burney Co. raised its position in Nutanix by 18.3% during the 4th quarter. Burney Co. now owns 25,451 shares of the technology company's stock worth $1,557,000 after buying an additional 3,941 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares of the company's stock, valued at $41,877,450. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,575,797 shares of company stock valued at $415,742,123. 6.80% of the stock is owned by corporate insiders.

Nutanix Price Performance

NASDAQ NTNX traded up $2.11 on Friday, hitting $82.77. The company had a trading volume of 3,398,743 shares, compared to its average volume of 2,562,981. The company has a market capitalization of $22.07 billion, a PE ratio of -236.49, a PEG ratio of 11.80 and a beta of 0.70. The company's fifty day moving average price is $68.72 and its 200-day moving average price is $68.02. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $83.14.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NTNX. UBS Group raised their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Raymond James set a $83.00 price target on shares of Nutanix in a research report on Thursday, February 27th. Royal Bank of Canada raised their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Needham & Company LLC raised their price target on shares of Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Northland Securities raised shares of Nutanix from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $87.85.

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.