Thurston Springer Miller Herd & Titak Inc. Raises Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 17.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,338 shares of the technology company’s stock after acquiring an additional 200 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Nutanix were worth $93,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NTNX. Harbour Investments Inc. lifted its stake in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares during the last quarter. Colonial Trust Co SC bought a new stake in Nutanix during the fourth quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Nutanix by 78.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock valued at $30,000 after buying an additional 191 shares in the last quarter. Allworth Financial LP boosted its stake in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after buying an additional 199 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares of the company’s stock, valued at $41,877,450. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Performance

Shares of NTNX stock opened at $77.11 on Friday. The firm has a market cap of $20.56 billion, a P/E ratio of -220.31, a P/E/G ratio of 11.80 and a beta of 0.69. Nutanix, Inc. has a one year low of $43.35 and a one year high of $83.36. The firm’s 50 day moving average price is $70.93 and its 200-day moving average price is $69.08.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NTNX shares. Piper Sandler reissued an “overweight” rating and set a $88.00 price objective (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Raymond James lowered Nutanix from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 20th. Morgan Stanley reissued an “overweight” rating and set a $90.00 target price (up previously from $75.00) on shares of Nutanix in a research note on Tuesday, May 20th. JPMorgan Chase & Co. boosted 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. Finally, Wells Fargo & Company increased their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $90.38.

Nutanix Company 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.