IFP Advisors Inc Acquires 21,089 Shares of Nutanix, Inc. (NASDAQ:NTNX)

IFP Advisors Inc grew its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 60.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,842 shares of the technology company’s stock after purchasing an additional 21,089 shares during the period. IFP Advisors Inc’s holdings in Nutanix were worth $3,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bain Capital Investors LLC bought a new position in Nutanix in the 3rd quarter worth about $998,601,000. Two Sigma Advisers LP boosted its holdings in shares of Nutanix by 32.8% in 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 purchasing an additional 695,567 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Nutanix by 5,473.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock valued at $29,325,000 after purchasing an additional 470,717 shares during the period. Stephens Investment Management Group LLC grew its stake in Nutanix by 235.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock worth $33,313,000 after purchasing an additional 382,232 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after purchasing an additional 374,328 shares during the period. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Barclays upped their price objective on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday. Needham & Company LLC boosted their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, UBS Group began coverage on shares of Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the transaction, the chief financial officer now directly owns 190,882 shares in the company, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,917 shares of company stock worth $12,114,781. Insiders own 6.80% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $68.43 on Tuesday. The business’s 50-day moving average is $66.31 and its 200 day moving average is $63.63. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80. The firm has a market capitalization of $18.33 billion, a P/E ratio of -195.51, a P/E/G ratio of 11.80 and a beta of 1.17.

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.