Nutanix, Inc. (NASDAQ:NTNX) Position Increased by Quinn Opportunity Partners LLC

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

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock worth $245,968,000 after purchasing an additional 22,091 shares during the period. Sanctuary Advisors LLC acquired a new stake in Nutanix in the third quarter worth $555,000. Wilmington Savings Fund Society FSB bought a new stake in Nutanix in the third quarter valued at $111,000. Tidal Investments LLC boosted its holdings in shares of Nutanix by 4.0% during the third quarter. Tidal Investments LLC now owns 22,297 shares of the technology company’s stock valued at $1,321,000 after acquiring an additional 862 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Nutanix by 587.7% during the fourth 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 last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NTNX has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Needham & Company LLC boosted their price objective on Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Oppenheimer raised their target price on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. UBS Group boosted their price target on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company increased their price target on Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Nutanix presently has a consensus rating of “Buy” and an average price target of $87.85.

Nutanix Trading Down 4.4 %

NASDAQ:NTNX opened at $59.30 on Friday. The company has a 50-day moving average of $69.57 and a 200-day moving average of $66.64. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of -169.43, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 7,740 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the sale, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at $41,877,450. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,610,886 shares of company stock valued at $417,646,356 over the last ninety days. Insiders own 6.80% of the company’s stock.

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.