Proficio Capital Partners LLC Invests $6.05 Million in Nutanix, Inc. (NASDAQ:NTNX)

Proficio Capital Partners LLC acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 98,928 shares of the technology company’s stock, valued at approximately $6,052,000.

A number of other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its position in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares during the period. Larson Financial Group LLC grew its stake in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after buying an additional 321 shares during the period. Principal Securities Inc. lifted its position in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after acquiring an additional 199 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Stock Up 0.7 %

Shares of NTNX stock opened at $77.44 on Tuesday. The company has a market cap of $20.75 billion, a P/E ratio of -221.26, a PEG ratio of 11.80 and a beta of 1.17. The business has a 50 day moving average of $67.24 and a two-hundred day moving average of $64.56. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

Analyst Upgrades and Downgrades

NTNX has been the topic of a number of analyst reports. Raymond James set a $83.00 price objective on shares of Nutanix in a research note on Thursday. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. One research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.79.

Insider Activity at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the company’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 transaction, the director now owns 3,050 shares in the company, valued at approximately $232,288. This represents a 69.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,917 shares of company stock worth $12,647,901 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Nutanix 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.