Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases Shares of 3,221 Nutanix (NASDAQ:NTNX)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Nutanix (NASDAQ:NTNX) during the first quarter, HoldingsChannel reports. The fund bought 3,221 shares of the technology company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in shares of Nutanix by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock worth $88,271,000 after buying an additional 33,980 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Nutanix by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock worth $453,000 after acquiring an additional 375 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Nutanix by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company’s stock valued at $593,000 after purchasing an additional 325 shares during the last quarter. LPL Financial LLC lifted its holdings in Nutanix by 4.8% in the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company’s stock valued at $4,389,000 after purchasing an additional 3,276 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Nutanix during the 4th quarter worth $234,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In related news, Director Groen Max Pieter De sold 5,480,467 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the sale, the director now directly owns 5,480,468 shares of the company’s stock, valued at $420,954,747.08. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the transaction, the chief executive officer now directly owns 497,309 shares in the company, valued at approximately $39,287,411. This trade represents a 10.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,558,364 shares of company stock valued at $427,057,406. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Price Performance

NASDAQ:NTNX opened at $72.76 on Friday. Nutanix has a 12 month low of $43.35 and a 12 month high of $83.36. The firm has a market capitalization of $19.51 billion, a PE ratio of -259.86, a price-to-earnings-growth ratio of 6.68 and a beta of 0.69. The business’s fifty day moving average price is $73.20 and its 200 day moving average price is $69.40.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NTNX shares. UBS Group raised their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Raymond James Financial lowered Nutanix from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. raised their target price on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Royal Bank Of Canada raised their price objective on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and an average target price of $90.38.

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.