Flagship Harbor Advisors LLC Acquires New Shares in Nutanix, Inc. (NASDAQ:NTNX)

Flagship Harbor Advisors LLC bought a new stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,885 shares of the technology company's stock, valued at approximately $299,000.

A number of other large investors also recently modified their holdings of the stock. Freedom Investment Management Inc. boosted its position in Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company's stock worth $230,000 after purchasing an additional 151 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company's stock valued at $417,000 after acquiring an additional 233 shares during the period. Paragon Capital Management Inc. raised its holdings in shares of Nutanix by 1.0% in the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company's stock worth $1,545,000 after purchasing an additional 258 shares during the period. Larson Financial Group LLC lifted its stake in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after purchasing an additional 281 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in 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. Institutional investors own 85.25% of the company's stock.

Insider Buying and Selling

In other news, Director Virginia Gambale sold 6,060 shares of the company's stock in a transaction on Monday, December 23rd. The shares were 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 of the company's stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now directly owns 190,882 shares of the company's stock, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,065 shares of company stock worth $5,405,141 in the last three months. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Performance

NTNX stock traded down $0.62 on Thursday, hitting $67.14. 358,283 shares of the company's stock were exchanged, compared to its average volume of 1,866,748. The firm has a 50 day moving average price of $65.37 and a two-hundred day moving average price of $60.94. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80. The stock has a market cap of $17.99 billion, a P/E ratio of -191.88, a price-to-earnings-growth ratio of 10.88 and a beta of 1.16.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NTNX. Barclays increased their price target on shares of Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Oppenheimer started coverage on Nutanix in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 price objective for the company. Raymond James decreased their price objective on shares of Nutanix from $83.00 to $76.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Needham & Company LLC increased their target price on shares of Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Finally, Morgan Stanley boosted their price target on Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $78.87.

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.