Caprock Group LLC Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Caprock Group LLC acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,423 shares of the technology company’s stock, valued at approximately $209,000.

Other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of Nutanix during the 3rd quarter worth $27,000. Larson Financial Group LLC boosted its holdings in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after buying an additional 281 shares in the last quarter. Advisors Asset Management Inc. grew its position in Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after buying an additional 321 shares during the period. Versant Capital Management Inc increased its holdings in Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after buying an additional 623 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in shares of Nutanix during the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Insider Activity at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of the company’s 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 transaction, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,917 shares of company stock worth $12,114,781. 6.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NTNX. Piper Sandler upped their price target on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays upped their target price on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Oppenheimer started coverage on Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target for the company. Needham & Company LLC boosted their price objective on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Northland Securities restated a “market perform” rating and set a $77.00 target price (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Nutanix Stock Performance

NTNX stock opened at $70.53 on Friday. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The stock has a market capitalization of $18.90 billion, a P/E ratio of -201.51, a PEG ratio of 11.26 and a beta of 1.17. The company has a 50 day moving average price of $65.29 and a two-hundred day moving average price of $61.71.

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.