Raymond James Financial Inc. Purchases New Position in Nutanix, Inc. (NASDAQ:NTNX)

Raymond James Financial Inc. bought a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,419,161 shares of the technology company's stock, valued at approximately $86,824,000. Raymond James Financial Inc. owned approximately 0.53% of Nutanix as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Freedom Investment Management Inc. grew 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 acquiring an additional 151 shares in the last quarter. Principal Securities Inc. increased its position in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after buying an additional 199 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Nutanix by 3.4% during the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company's stock valued at $417,000 after buying an additional 233 shares in the last quarter. Allworth Financial LP lifted its position in shares of Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after buying an additional 256 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NTNX shares. Needham & Company LLC upped their target price on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Piper Sandler upped their price objective on shares of Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Oppenheimer lifted their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Northland Capmk upgraded shares of Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, UBS Group raised their price target on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Nutanix has a consensus rating of "Buy" and an average price target of $87.79.

Insider Buying and Selling

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares of the company's stock, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,684,917 shares of company stock valued at $422,452,901 over the last quarter. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Down 1.5 %

Nutanix stock traded down $1.05 on Thursday, hitting $66.72. The company's stock had a trading volume of 1,930,276 shares, compared to its average volume of 2,449,498. The company has a fifty day moving average price of $68.35 and a 200-day moving average price of $65.36. The firm has a market cap of $17.88 billion, a P/E ratio of -190.63, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99.

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.