Raymond James & Associates Raises Position in Nutanix, Inc. (NASDAQ:NTNX)

Raymond James & Associates lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 306.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,765 shares of the technology company's stock after purchasing an additional 55,596 shares during the quarter. Raymond James & Associates' holdings in Nutanix were worth $3,518,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NTNX. Legato Capital Management LLC boosted its stake in Nutanix by 100.3% during the fourth quarter. Legato Capital Management LLC now owns 17,530 shares of the technology company's stock valued at $836,000 after buying an additional 8,780 shares in the last quarter. SG Americas Securities LLC boosted its stake in Nutanix by 59.5% during the fourth quarter. SG Americas Securities LLC now owns 38,705 shares of the technology company's stock valued at $1,846,000 after buying an additional 14,441 shares in the last quarter. Accurate Wealth Management LLC bought a new position in Nutanix during the fourth quarter valued at about $282,000. SkyOak Wealth LLC bought a new position in Nutanix during the fourth quarter valued at about $359,000. Finally, Edmonds Duncan Registered Investment Advisors LLC bought a new position in Nutanix during the fourth quarter valued at about $256,000. Institutional investors own 85.25% of the company's stock.

Nutanix Stock Down 1.6 %

Shares of NTNX traded down $1.03 during midday trading on Friday, reaching $63.22. 2,027,953 shares of the stock were exchanged, compared to its average volume of 2,479,013. Nutanix, Inc. has a 12-month low of $23.34 and a 12-month high of $66.99. The firm has a 50 day simple moving average of $61.56 and a 200-day simple moving average of $49.77. The company has a market cap of $15.45 billion, a price-to-earnings ratio of -175.61 and a beta of 1.29.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The firm had revenue of $565.23 million for the quarter, compared to analysts' expectations of $551.82 million. Research analysts expect that Nutanix, Inc. will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on Nutanix from $58.00 to $63.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 27th. Bank of America increased their price target on Nutanix from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. JMP Securities increased their price target on Nutanix from $50.00 to $70.00 and gave the company a "market outperform" rating in a research report on Monday, February 5th. StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 12th. Finally, Needham & Company LLC increased their price target on Nutanix from $62.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $65.17.

Insider Transactions at Nutanix

In other news, insider Tyler Wall sold 15,000 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $62.25, for a total transaction of $933,750.00. Following the completion of the sale, the insider now directly owns 13,168 shares of the company's stock, valued at approximately $819,708. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Tyler Wall sold 15,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $62.25, for a total transaction of $933,750.00. Following the transaction, the insider now owns 13,168 shares of the company's stock, valued at approximately $819,708. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now directly owns 144,635 shares in the company, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. Insiders sold 129,506 shares of company stock valued at $8,270,938 in the last three months. Corporate insiders own 0.46% of the company's stock.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.