Proficio Capital Partners LLC Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Proficio Capital Partners LLC acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 98,928 shares of the technology company's stock, valued at approximately $6,052,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NTNX. Allworth Financial LP raised its position in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after purchasing an additional 256 shares during the last quarter. Larson Financial Group LLC raised its holdings 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 valued at $30,000 after buying an additional 281 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after buying an additional 321 shares in the last quarter. Principal Securities Inc. grew its holdings 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 acquiring an additional 199 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock valued at $45,000 after acquiring an additional 623 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

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Nutanix Trading Down 1.3 %

Shares of Nutanix stock traded down $0.95 during trading on Friday, reaching $70.41. The stock had a trading volume of 2,761,548 shares, compared to its average volume of 2,451,702. The company has a market capitalization of $18.86 billion, a price-to-earnings ratio of -201.17, a P/E/G ratio of 11.80 and a beta of 1.17. The stock has a fifty day moving average price of $67.90 and a two-hundred day moving average price of $64.87. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

Analyst Ratings Changes

Several research analysts have issued reports on NTNX shares. Morgan Stanley upped their price objective on Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and upped their price target for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price objective on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Needham & Company LLC lifted their price target on shares of Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $87.79.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction 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. The trade was a 11.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,684,917 shares of company stock worth $422,452,901. Corporate insiders own 6.80% of the company's stock.

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.