Williams Financial LLC Acquires New Shares in Nutanix, Inc. (NASDAQ:NTNX)

Williams Financial LLC bought a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 2nd quarter, HoldingsChannel reports. The firm bought 9,450 shares of the technology company’s stock, valued at approximately $580,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Nutanix in the 1st quarter worth approximately $1,384,000. Cetera Investment Advisers lifted its holdings in Nutanix by 48.7% during the first quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after buying an additional 24,918 shares during the period. Diversified Trust Co boosted its position in Nutanix by 46.7% during the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock valued at $2,084,000 after acquiring an additional 11,668 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Nutanix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after acquiring an additional 346,414 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Nutanix by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 103,926 shares of the technology company’s stock worth $4,956,000 after acquiring an additional 943 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NTNX. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of Nutanix in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Morgan Stanley boosted their price objective on shares of Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th. Royal Bank of Canada raised their target price on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Bank of America upped their price target on Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and an average target price of $73.31.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 23,986 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the completion of the sale, the chief executive officer now owns 407,045 shares of the company’s stock, valued at $22,057,768.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the sale, the chief financial officer now directly owns 144,902 shares of the company’s stock, valued at $7,711,684.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 23,986 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $1,299,801.34. Following the transaction, the chief executive officer now owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,936 shares of company stock valued at $2,531,273. Company insiders own 0.46% of the company’s stock.

Nutanix Price Performance

Shares of NTNX stock opened at $59.06 on Friday. The business has a fifty day moving average of $53.68 and a 200 day moving average of $58.98. Nutanix, Inc. has a 1 year low of $33.30 and a 1 year high of $73.69. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of -843.59, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.