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

Proficio Capital Partners LLC purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 98,928 shares of the technology company’s stock, valued at approximately $6,052,000.

A number of other large investors also recently bought and sold shares of the stock. Freedom Investment Management Inc. lifted its position in Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after buying an additional 151 shares during the last quarter. Principal Securities Inc. lifted its position in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares during the last quarter. CIBC Asset Management Inc lifted its position in Nutanix by 3.4% in the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after buying an additional 233 shares during the last quarter. Allworth Financial LP lifted its position in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of 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 purchasing an additional 281 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Stock Up 4.1 %

Shares of Nutanix stock opened at $69.47 on Monday. The firm has a market capitalization of $18.61 billion, a P/E ratio of -198.49, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The firm’s 50 day moving average is $68.59 and its two-hundred day moving average is $65.66.

Analyst Upgrades and Downgrades

NTNX has been the topic of several research reports. Piper Sandler increased their price target on shares of Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Wells Fargo & Company increased their price target on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Barclays set a $94.00 price target on shares of Nutanix and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Royal Bank of Canada increased their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $87.79.

Insider Buying and Selling at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the firm’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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares in the company, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,621,016 shares of company stock worth $418,245,020 over the last three months. Insiders own 6.80% of the company’s stock.

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.