Simmons Bank Has $433,000 Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Simmons Bank raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 64.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,075 shares of the technology company’s stock after acquiring an additional 2,775 shares during the quarter. Simmons Bank’s holdings in Nutanix were worth $433,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NTNX. Larson Financial Group LLC raised its position in Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares during the last quarter. Allworth Financial LP grew its stake in shares of 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 last quarter. Advisors Asset Management Inc. raised its position in Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares during the last quarter. Principal Securities Inc. boosted its position in Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Trading Up 10.4 %

NASDAQ NTNX opened at $76.54 on Friday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.90. The stock has a 50 day moving average of $66.74 and a 200-day moving average of $64.01. The company has a market cap of $20.51 billion, a PE ratio of -218.69, a PEG ratio of 11.80 and a beta of 1.17.

Analyst Ratings Changes

A number of research firms have issued reports on NTNX. Piper Sandler upped their target price on shares of Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday. Royal Bank of Canada increased their price target on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday. Needham & Company LLC lifted their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and an average target price of $87.79.

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.