Sheaff Brock Investment Advisors LLC Acquires New Shares in Nutanix, Inc. (NASDAQ:NTNX)

Sheaff Brock Investment Advisors LLC purchased a new position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,900 shares of the technology company's stock, valued at approximately $850,000.

Other institutional investors have also recently bought and sold shares of the company. Versor Investments LP boosted its position in Nutanix by 211.7% during the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company's stock worth $1,976,000 after acquiring an additional 22,652 shares during the period. Atreides Management LP acquired a new stake in Nutanix during the 3rd quarter worth about $8,290,000. Two Sigma Advisers LP lifted its holdings in shares of Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock valued at $166,730,000 after buying an additional 695,567 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Nutanix by 101.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company's stock valued at $2,486,000 after buying an additional 21,086 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Nutanix by 10.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company's stock valued at $80,287,000 after buying an additional 125,657 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Trading Up 0.0 %

NTNX stock traded up $0.02 during trading on Thursday, hitting $72.09. The company had a trading volume of 1,318,462 shares, compared to its average volume of 1,811,153. The company has a fifty day moving average price of $66.17 and a two-hundred day moving average price of $63.17. The company has a market cap of $19.32 billion, a P/E ratio of -205.97, a P/E/G ratio of 11.82 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.

Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares of the company's stock, valued at $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTNX. Barclays lifted their price target on Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Piper Sandler boosted their target price on Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Northland Securities restated a "market perform" rating and issued a $77.00 target price (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Morgan Stanley boosted their target price on Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Finally, Oppenheimer assumed coverage on Nutanix in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Nutanix currently has an average rating of "Moderate Buy" and an average price target of $79.50.

About Nutanix

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.