Chicago Partners Investment Group LLC Acquires Shares of 4,697 Nutanix, Inc. (NASDAQ:NTNX)

Chicago Partners Investment Group LLC bought a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,697 shares of the technology company's stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in Nutanix in the third quarter valued at about $27,000. Larson Financial Group LLC lifted its position in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock worth $30,000 after buying an additional 281 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after buying an additional 321 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock worth $45,000 after buying an additional 623 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in shares of Nutanix in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Piper Sandler boosted their price target on Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. UBS Group assumed coverage on Nutanix in a research report on Thursday, December 12th. They issued a "buy" rating and a $81.00 price target for the company. Raymond James reduced their price target on Nutanix from $83.00 to $76.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Needham & Company LLC boosted their price objective on Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Oppenheimer initiated coverage on Nutanix in a research report on Wednesday, November 13th. They set an "outperform" rating and a $80.00 price objective for the company. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $79.50.

Insider Activity

In other news, Director Virginia Gambale sold 6,060 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 177,917 shares of company stock worth $12,114,781. Company insiders own 6.80% of the company's stock.

Nutanix Stock Down 0.5 %

Nutanix stock traded down $0.32 during trading hours on Friday, hitting $70.53. The stock had a trading volume of 1,395,386 shares, compared to its average volume of 1,916,061. The company has a 50-day moving average of $65.40 and a two-hundred day moving average of $61.86. The company has a market cap of $18.90 billion, a PE ratio of -201.51, a price-to-earnings-growth ratio of 11.60 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80.

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.