Raymond James & Associates Raises Stake in Nutanix, Inc. (NASDAQ:NTNX)

Raymond James & Associates grew its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 306.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 73,765 shares of the technology company’s stock after buying an additional 55,596 shares during the quarter. Raymond James & Associates’ holdings in Nutanix were worth $3,518,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Legato Capital Management LLC boosted its stake in shares of Nutanix by 100.3% during the fourth quarter. Legato Capital Management LLC now owns 17,530 shares of the technology company’s stock valued at $836,000 after purchasing an additional 8,780 shares during the period. SG Americas Securities LLC boosted its stake in shares of Nutanix by 59.5% during the fourth quarter. SG Americas Securities LLC now owns 38,705 shares of the technology company’s stock valued at $1,846,000 after purchasing an additional 14,441 shares during the period. Accurate Wealth Management LLC purchased a new stake in shares of Nutanix during the fourth quarter valued at approximately $282,000. SkyOak Wealth LLC purchased a new stake in shares of Nutanix during the fourth quarter valued at approximately $359,000. Finally, Edmonds Duncan Registered Investment Advisors LLC purchased a new stake in shares of Nutanix during the fourth quarter valued at approximately $256,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Activity

In other news, Director Steven J. Gomo sold 25,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the transaction, the director now directly owns 3,962 shares in the company, valued at $254,003.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Steven J. Gomo sold 25,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the transaction, the director now directly owns 3,962 shares in the company, valued at $254,003.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David Sangster sold 12,545 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $63.04, for a total value of $790,836.80. Following the transaction, the chief operating officer now owns 70,192 shares of the company’s stock, valued at $4,424,903.68. The disclosure for this sale can be found here. Insiders sold 129,506 shares of company stock worth $8,270,938 over the last three months. 0.46% of the stock is currently owned by corporate insiders.

Nutanix Trading Down 1.6 %

NTNX opened at $63.22 on Friday. The stock has a fifty day simple moving average of $61.56 and a two-hundred day simple moving average of $49.67. The company has a market cap of $15.45 billion, a price-to-earnings ratio of -175.61 and a beta of 1.29. Nutanix, Inc. has a 12-month low of $23.34 and a 12-month high of $66.99.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $565.23 million during the quarter, compared to the consensus estimate of $551.82 million. On average, analysts predict that Nutanix, Inc. will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NTNX. JMP Securities increased their price objective on Nutanix from $50.00 to $70.00 and gave the company a “market outperform” rating in a research note on Monday, February 5th. Needham & Company LLC upped their target price on Nutanix from $62.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, February 29th. William Blair upgraded Nutanix from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 17th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th. Finally, Barclays upped their target price on Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.17.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.