6,961 Shares in Nutanix, Inc. (NASDAQ:NTNX) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 6,961 shares of the technology company’s stock, valued at approximately $486,000.

Other large investors have also modified their holdings of the company. Harbour Investments Inc. raised its stake in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares during the last quarter. Colonial Trust Co SC purchased a new stake in shares of Nutanix during the 4th quarter worth $28,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock worth $30,000 after buying an additional 191 shares during the last quarter. Allworth Financial LP raised its stake in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Down 2.0%

NTNX opened at $72.13 on Friday. The firm has a market capitalization of $19.23 billion, a P/E ratio of -206.09, a price-to-earnings-growth ratio of 11.80 and a beta of 0.69. The stock’s 50 day moving average price is $72.11 and its two-hundred day moving average price is $69.16. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $83.36.

Insider Buying and Selling at Nutanix

In related news, Director Virginia Gambale sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $78.00, for a total transaction of $546,000.00. Following the completion of the transaction, the director now owns 38,330 shares in the company, valued at $2,989,740. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $76.81, for a total value of $420,954,670.27. Following the completion of the transaction, the director now owns 5,480,468 shares of the company’s stock, valued at approximately $420,954,747.08. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,556,264 shares of company stock valued at $426,904,673 in the last 90 days. 6.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on NTNX shares. Wall Street Zen downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Saturday. UBS Group boosted their target price on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $92.00 price target on shares of Nutanix in a report on Thursday, May 29th. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, Raymond James cut Nutanix from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 20th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

Nutanix 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.