Proficio Capital Partners LLC Buys New Stake in Nutanix, Inc. (NASDAQ:NTNX)

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

Several other hedge funds and other institutional investors have also modified their holdings of NTNX. Larson Financial Group LLC boosted its position in Nutanix by 122.7% in the 3rd 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 period. Allworth Financial LP boosted its holdings in Nutanix by 123.1% in the fourth 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 period. Advisors Asset Management Inc. grew its stake 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 purchasing an additional 321 shares in the last quarter. Principal Securities Inc. increased 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 purchasing an additional 199 shares during the period. Finally, Versant Capital Management Inc raised 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 purchasing an additional 623 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

NTNX has been the subject of a number of analyst reports. Barclays set a $94.00 price objective on Nutanix and gave the stock an "overweight" rating in a research report on Thursday, February 27th. UBS Group increased their price objective on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC boosted their price objective 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. Wells Fargo & Company raised their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Finally, StockNews.com downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. One research 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. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $87.79.

Insider Activity

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Virginia Gambale sold 6,060 shares of the firm'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 completion of the transaction, the director now owns 45,330 shares of the company's stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,609,206 shares of company stock worth $417,458,120 in the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Stock Performance

NASDAQ:NTNX traded down $0.37 during trading hours on Thursday, hitting $72.47. The company's stock had a trading volume of 1,043,536 shares, compared to its average volume of 2,437,252. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The business's 50-day moving average is $69.10 and its two-hundred day moving average is $65.82. The company has a market capitalization of $19.32 billion, a PE ratio of -208.30, a PEG ratio of 11.80 and a beta of 1.04.

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.