Nutanix, Inc. (NASDAQ:NTNX) Stock Position Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,698 shares of the technology company’s stock after acquiring an additional 188 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Nutanix were worth $349,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Bain Capital Investors LLC acquired a new position in Nutanix in the 3rd quarter valued at approximately $998,601,000. Geode Capital Management LLC lifted its position in shares of Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock worth $245,968,000 after purchasing an additional 22,091 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after acquiring an additional 374,328 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after buying an additional 695,567 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock valued at $88,271,000 after purchasing an additional 33,980 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Performance

NASDAQ NTNX opened at $74.97 on Tuesday. The firm has a 50-day moving average of $69.77 and a 200-day moving average of $66.07. The stock has a market cap of $19.99 billion, a PE ratio of -214.20, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.

Insider Transactions at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,603,146 shares of company stock worth $417,065,856. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NTNX shares. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Morgan Stanley lifted their target price on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Royal Bank of Canada upped their price objective on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Barclays set a $94.00 price objective on Nutanix and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $87.79.

Nutanix 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.