Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 42.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,507 shares of the technology company’s stock after acquiring an additional 35,209 shares during the period. Ensign Peak Advisors Inc’s holdings in Nutanix were worth $7,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NTNX. Wealth Enhancement Advisory Services LLC grew its stake in Nutanix by 1.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,257 shares of the technology company’s stock worth $1,259,000 after buying an additional 329 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Nutanix by 2.9% during the fourth quarter. Pallas Capital Advisors LLC now owns 13,432 shares of the technology company’s stock valued at $822,000 after purchasing an additional 384 shares during the last quarter. Accurate Wealth Management LLC lifted its holdings in shares of Nutanix by 41.8% during the fourth quarter. Accurate Wealth Management LLC now owns 18,562 shares of the technology company’s stock valued at $1,155,000 after purchasing an additional 5,473 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Nutanix by 111.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,138 shares of the technology company’s stock worth $70,000 after acquiring an additional 600 shares in the last quarter. Finally, Burney Co. lifted its stake in Nutanix by 18.3% in the 4th quarter. Burney Co. now owns 25,451 shares of the technology company’s stock worth $1,557,000 after acquiring an additional 3,941 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now owns 3,050 shares of the company’s stock, valued at approximately $232,288. This represents a 69.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the transaction, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. The trade was a 1.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,514,740 shares of company stock worth $410,918,620. 6.80% of the stock is currently owned by insiders.

Nutanix Stock Performance

Shares of NTNX opened at $82.40 on Wednesday. The stock has a fifty day moving average price of $67.84 and a two-hundred day moving average price of $67.62. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $82.69. The company has a market cap of $21.97 billion, a price-to-earnings ratio of -235.43, a PEG ratio of 11.80 and a beta of 0.70.

Analyst Upgrades and Downgrades

NTNX has been the topic of several research reports. Barclays set a $94.00 target price on Nutanix and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Oppenheimer lifted their price objective on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Nutanix currently has a consensus rating of “Buy” and a consensus target price of $87.85.

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.