Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC increased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,000 shares of the technology company’s stock after buying an additional 4,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Nutanix were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in NTNX. Charles Schwab Investment Management Inc. lifted its holdings in shares of Nutanix by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock worth $88,271,000 after acquiring an additional 33,980 shares during the period. CIBC Asset Management Inc raised its stake in Nutanix by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock worth $453,000 after purchasing an additional 375 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Nutanix by 1,555.9% in the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company’s stock valued at $4,540,000 after purchasing an additional 69,722 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Nutanix in the 4th quarter valued at $299,000. Finally, Sanctuary Advisors LLC grew its stake in shares of Nutanix by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company’s stock valued at $593,000 after buying an additional 325 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares of the company’s stock, valued at approximately $232,288. The trade was a 69.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. The trade was a 1.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,610,886 shares of company stock worth $417,646,356. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on NTNX. JPMorgan Chase & Co. lifted their target price on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. UBS Group increased their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Barclays set a $94.00 price target on shares of Nutanix and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Oppenheimer increased their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Nutanix has a consensus rating of “Buy” and an average target price of $87.85.

Nutanix Price Performance

NASDAQ:NTNX opened at $59.30 on Friday. The firm has a 50-day moving average of $69.57 and a two-hundred day moving average of $66.64. The stock has a market cap of $15.81 billion, a P/E ratio of -169.43, a PEG ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99.

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.