Graham Capital Management L.P. Purchases 3,791 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Graham Capital Management L.P. raised its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 52.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,040 shares of the technology company's stock after acquiring an additional 3,791 shares during the quarter. Graham Capital Management L.P.'s holdings in Nutanix were worth $675,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harbour Investments Inc. lifted its holdings in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after acquiring an additional 418 shares during the period. Colonial Trust Co SC bought a new position in Nutanix in the fourth quarter valued at about $28,000. Allworth Financial LP lifted its holdings in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. lifted its holdings in 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 acquiring an additional 199 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix in the fourth quarter valued at about $40,000. Institutional investors own 85.25% of the company's stock.

Nutanix Trading Down 0.7%

NASDAQ:NTNX opened at $81.83 on Thursday. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $83.14. The stock has a 50-day moving average price of $68.07 and a 200 day moving average price of $67.72. The stock has a market capitalization of $21.82 billion, a P/E ratio of -233.80, a P/E/G ratio of 11.80 and a beta of 0.70.

Insider Buying and Selling

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. The trade was a 32.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction that occurred 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 approximately $39,287,411. The trade was a 10.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,575,797 shares of company stock worth $415,742,123. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Needham & Company LLC increased their target price on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Oppenheimer raised their price objective on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Royal Bank of Canada raised their price objective on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Piper Sandler decreased their price objective on Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company raised their price objective on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nutanix presently has an average rating of "Buy" and a consensus price target 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.

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