NewEdge Advisors LLC Acquires 4,074 Shares of Nutanix, Inc. (NASDAQ:NTNX)

NewEdge Advisors LLC increased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 83.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,947 shares of the technology company’s stock after buying an additional 4,074 shares during the period. NewEdge Advisors LLC’s holdings in Nutanix were worth $547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbour Investments Inc. raised its stake in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after buying an additional 418 shares during the last quarter. Allworth Financial LP grew its holdings in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares during the period. Principal Securities Inc. grew its holdings in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nutanix during the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC grew its holdings in Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after purchasing an additional 146 shares during the period. 85.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,592 shares of company stock valued at $417,628,260 over the last 90 days. 6.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NTNX. Needham & Company LLC boosted their price objective on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their price objective on shares of Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $77.00 to $97.00 in a report on Thursday, February 27th. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nutanix has a consensus rating of “Buy” and an average price target of $87.85.

Nutanix Stock Performance

NASDAQ:NTNX opened at $67.16 on Monday. The stock’s 50-day simple moving average is $67.82 and its 200 day simple moving average is $66.82. The company has a market cap of $17.91 billion, a P/E ratio of -191.89, a P/E/G ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.

About Nutanix

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.