Bank Julius Baer & Co. Ltd Zurich Buys Shares of 589 Nutanix, Inc. (NASDAQ:NTNX)

Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 589 shares of the technology company’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of Nutanix by 122.7% in 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 period. Allworth Financial LP raised its stake in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares during the period. Principal Securities Inc. raised its stake in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after acquiring an additional 623 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,684,917 shares of company stock valued at $422,452,901. Insiders own 6.80% of the company’s stock.

Nutanix Trading Up 3.3 %

Shares of NASDAQ:NTNX opened at $66.49 on Wednesday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The company’s 50 day moving average is $68.22 and its two-hundred day moving average is $65.34. The company has a market cap of $17.81 billion, a PE ratio of -189.97, a P/E/G ratio of 11.80 and a beta of 1.04.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NTNX. Piper Sandler boosted their price target on shares of Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. UBS Group boosted their price target on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Oppenheimer upped their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada upped their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $87.79.

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.