Sheaff Brock Investment Advisors LLC Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

Sheaff Brock Investment Advisors LLC bought a new position in Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,900 shares of the technology company’s stock, valued at approximately $850,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTNX. Creative Planning increased its stake in Nutanix by 26.5% in the third quarter. Creative Planning now owns 13,862 shares of the technology company’s stock worth $821,000 after purchasing an additional 2,907 shares during the period. Accurate Wealth Management LLC increased its stake in shares of Nutanix by 39.9% during the third quarter. Accurate Wealth Management LLC now owns 13,089 shares of the technology company’s stock valued at $840,000 after buying an additional 3,733 shares during the period. Blue Trust Inc. increased its stake in shares of Nutanix by 782.7% during the third quarter. Blue Trust Inc. now owns 2,039 shares of the technology company’s stock valued at $116,000 after buying an additional 1,808 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Nutanix by 101.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company’s stock valued at $2,486,000 after buying an additional 21,086 shares during the period. Finally, Toth Financial Advisory Corp purchased a new position in shares of Nutanix during the third quarter valued at $406,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NTNX. Wells Fargo & Company raised their price objective on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Morgan Stanley raised their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday. Piper Sandler lifted their target price on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Raymond James decreased their target price on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $79.50.

Nutanix Price Performance

Nutanix stock opened at $70.47 on Monday. The stock has a market capitalization of $18.88 billion, a PE ratio of -201.34, a price-to-earnings-growth ratio of 11.60 and a beta of 1.17. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80. The business has a 50 day simple moving average of $65.76 and a 200-day simple moving average of $62.78.

Insider Activity

In related news, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was 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. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 177,917 shares of company stock worth $12,114,781 over the last three months. 6.80% of the stock is currently owned by corporate insiders.

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.