Abacus FCF Advisors LLC Acquires 15,013 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Abacus FCF Advisors LLC increased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 49.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,207 shares of the technology company’s stock after purchasing an additional 15,013 shares during the quarter. Abacus FCF Advisors LLC’s holdings in Nutanix were worth $2,766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after acquiring an additional 146 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after purchasing an additional 188 shares in the last quarter. Principal Securities Inc. raised its position in shares of Nutanix by 52.4% during the 4th 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. O Shaughnessy Asset Management LLC raised its position in shares of Nutanix by 5.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company’s stock valued at $282,000 after purchasing an additional 249 shares during the period. Finally, Allworth Financial LP boosted its holdings in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares in the company, valued at approximately $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,610,886 shares of company stock valued at $417,646,356 in the last ninety days. 6.80% of the stock is owned by company insiders.

Nutanix Stock Up 0.2 %

NTNX stock opened at $58.62 on Tuesday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of -167.49, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The firm’s fifty day simple moving average is $70.44 and its two-hundred day simple moving average is $66.70.

Analysts Set New Price Targets

A number of equities research analysts have commented on NTNX shares. Royal Bank of Canada raised their price target on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Raymond James set a $83.00 target price on Nutanix in a research note on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Oppenheimer upped their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, UBS Group lifted their price target on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “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.