Raymond James Financial Services Advisors Inc. Has $560,000 Stake in Nutanix, Inc. (NASDAQ:NTNX)

Raymond James Financial Services Advisors Inc. boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 46.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,734 shares of the technology company’s stock after purchasing an additional 3,746 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Nutanix were worth $560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James & Associates raised its stake in Nutanix by 306.0% in the 4th quarter. Raymond James & Associates now owns 73,765 shares of the technology company’s stock worth $3,518,000 after purchasing an additional 55,596 shares in the last quarter. Legato Capital Management LLC raised its stake in Nutanix by 100.3% in the 4th quarter. Legato Capital Management LLC now owns 17,530 shares of the technology company’s stock worth $836,000 after purchasing an additional 8,780 shares in the last quarter. SG Americas Securities LLC raised its stake in Nutanix by 59.5% in the 4th quarter. SG Americas Securities LLC now owns 38,705 shares of the technology company’s stock worth $1,846,000 after purchasing an additional 14,441 shares in the last quarter. Accurate Wealth Management LLC acquired a new position in shares of Nutanix in the 4th quarter valued at approximately $282,000. Finally, SkyOak Wealth LLC acquired a new position in shares of Nutanix in the 4th quarter valued at approximately $359,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

NTNX opened at $59.53 on Friday. Nutanix, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $66.99. The firm has a market capitalization of $14.54 billion, a price-to-earnings ratio of -165.36 and a beta of 1.29. The company’s 50 day moving average price is $61.83 and its two-hundred day moving average price is $50.38.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The business had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. As a group, equities research analysts predict that Nutanix, Inc. will post -0.04 EPS for the current year.

Insiders Place Their Bets

In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Rukmini Sivaraman sold 53,029 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tyler Wall sold 15,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total transaction of $933,750.00. Following the completion of the sale, the insider now directly owns 13,168 shares in the company, valued at $819,708. The disclosure for this sale can be found here. Insiders have sold 129,506 shares of company stock valued at $8,270,938 in the last ninety days. 0.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

NTNX has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. William Blair upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Susquehanna boosted their target price on shares of Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Wednesday, April 10th. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. Finally, Barclays boosted their target price on shares of Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.17.

About Nutanix

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.