Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its stake in Nutanix, Inc. (NASDAQ:NTNX) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,500 shares of the technology company’s stock after purchasing an additional 724 shares during the period. Axxcess Wealth Management LLC’s holdings in Nutanix were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in Nutanix by 7.4% in the second quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock worth $212,548,000 after acquiring an additional 256,156 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Nutanix by 15.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 901,923 shares of the technology company’s stock worth $51,270,000 after purchasing an additional 122,505 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Nutanix by 44.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 189,712 shares of the technology company’s stock worth $10,785,000 after purchasing an additional 58,661 shares during the last quarter. Williams Financial LLC acquired a new position in shares of Nutanix during the second quarter worth $580,000. Finally, Inspire Advisors LLC increased its holdings in Nutanix by 956.5% in the second quarter. Inspire Advisors LLC now owns 43,231 shares of the technology company’s stock valued at $2,458,000 after buying an additional 39,139 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NTNX. Royal Bank of Canada increased their price objective on Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of Nutanix in a report on Thursday, August 29th. Raymond James boosted their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Northland Securities lifted their price target on Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.31.

Nutanix Price Performance

Nutanix stock opened at $58.99 on Friday. The stock’s 50 day moving average price is $53.65 and its 200 day moving average price is $58.90. Nutanix, Inc. has a 1-year low of $33.31 and a 1-year high of $73.69. The company has a market cap of $14.55 billion, a PE ratio of -842.71, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19.

Insider Activity at Nutanix

In other Nutanix news, COO David Sangster sold 11,950 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at $11,309,145.65. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.