Sequoia Financial Advisors LLC Purchases 12,934 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Sequoia Financial Advisors LLC grew its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 169.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,563 shares of the technology company's stock after purchasing an additional 12,934 shares during the period. Sequoia Financial Advisors LLC's holdings in Nutanix were worth $981,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sonen Capital LLC boosted its stake in Nutanix by 1.8% during the third quarter. Sonen Capital LLC now owns 18,118 shares of the technology company's stock valued at $632,000 after buying an additional 324 shares in the last quarter. CWM LLC boosted its stake in Nutanix by 7.8% during the third quarter. CWM LLC now owns 4,527 shares of the technology company's stock valued at $158,000 after buying an additional 328 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Nutanix by 5.3% during the fourth quarter. MetLife Investment Management LLC now owns 9,506 shares of the technology company's stock valued at $248,000 after buying an additional 477 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Nutanix by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 100,887 shares of the technology company's stock valued at $3,519,000 after buying an additional 510 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Nutanix by 3.2% during the fourth quarter. Wells Fargo & Company MN now owns 18,307 shares of the technology company's stock valued at $477,000 after buying an additional 560 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Trading Down 3.4 %

NASDAQ NTNX traded down $2.16 during trading on Monday, reaching $61.06. 1,817,534 shares of the company's stock were exchanged, compared to its average volume of 2,812,626. Nutanix, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $66.99. The firm has a market capitalization of $14.92 billion, a PE ratio of -175.61 and a beta of 1.29. The company's fifty day simple moving average is $61.56 and its 200-day simple moving average is $49.87.

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. Equities analysts forecast that Nutanix, Inc. will post -0.05 EPS for the current fiscal year.

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 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. Also, CFO Rukmini Sivaraman sold 53,029 shares of the firm's stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares of the company's stock, valued at $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.

Wall Street Analyst Weigh In

NTNX has been the subject of several research reports. JMP Securities raised their target price on Nutanix from $50.00 to $70.00 and gave the company a "market outperform" rating in a research note on Monday, February 5th. Susquehanna increased their price target on Nutanix from $60.00 to $75.00 and gave the company a "positive" rating in a research report on Wednesday, April 10th. 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. Barclays increased their price target on Nutanix from $49.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. increased their price target on Nutanix from $54.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.17.

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.