Vise Technologies Inc. bought a new position in Nutanix (NASDAQ:NTNX – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,964 shares of the technology company’s stock, valued at approximately $532,000.
Other institutional investors also recently modified their holdings of the company. Swedbank AB bought a new position in Nutanix in the 1st quarter valued at approximately $1,642,000. Silverberg Bernstein Capital Management LLC raised its stake in shares of Nutanix by 61.6% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 37,893 shares of the technology company’s stock worth $2,897,000 after purchasing an additional 14,438 shares during the last quarter. Andra AP fonden lifted its holdings in shares of Nutanix by 79.7% during the second quarter. Andra AP fonden now owns 215,707 shares of the technology company’s stock valued at $16,489,000 after purchasing an additional 95,700 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new stake in shares of Nutanix during the second quarter valued at $265,000. Finally, Inspire Investing LLC boosted its position in shares of Nutanix by 43.1% during the first quarter. Inspire Investing LLC now owns 41,472 shares of the technology company’s stock valued at $2,895,000 after buying an additional 12,489 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.
Nutanix Trading Down 0.8%
Shares of NTNX stock opened at $65.91 on Friday. Nutanix has a 12 month low of $54.66 and a 12 month high of $83.36. The stock has a market cap of $17.72 billion, a P/E ratio of 102.99, a P/E/G ratio of 6.55 and a beta of 0.54. The company has a 50 day simple moving average of $72.24 and a two-hundred day simple moving average of $73.35.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Northland Capmk cut shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Nutanix in a research report on Thursday. Bank of America dropped their target price on shares of Nutanix from $95.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. Northland Securities set a $76.00 target price on shares of Nutanix in a research note on Thursday, October 9th. Finally, Citigroup raised Nutanix to a “positive” rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $87.67.
Read Our Latest Research Report on Nutanix
Insider Buying and Selling at Nutanix
In other Nutanix news, CEO Rajiv Ramaswami sold 144,707 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $76.42, for a total transaction of $11,058,508.94. Following the sale, the chief executive officer owned 524,608 shares in the company, valued at approximately $40,090,543.36. This trade represents a 21.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 11,391 shares of Nutanix stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $78.34, for a total transaction of $892,370.94. Following the transaction, the chief financial officer directly owned 254,637 shares in the company, valued at $19,948,262.58. This represents a 4.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 159,598 shares of company stock valued at $12,218,560. Company insiders own 2.40% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Nutanix
- How to Profit From Value Investing
- MarketBeat Week in Review – 11/10 – 11/14
- Are Penny Stocks a Good Fit for Your Portfolio?
- Are These 3 Oversold Tech Giants Ready to Rebound?
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- If You Wait for the Dip, Micron Technology Could Leave You Behind
Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.
