Crossmark Global Holdings Inc. Purchases New Shares in Nutanix, Inc. (NASDAQ:NTNX)

Crossmark Global Holdings Inc. purchased a new stake in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 36,580 shares of the technology company’s stock, valued at approximately $2,238,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTNX. Dimensional Fund Advisors LP raised its position in Nutanix by 15.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 901,923 shares of the technology company’s stock valued at $51,270,000 after purchasing an additional 122,505 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Nutanix by 9.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,003 shares of the technology company’s stock valued at $388,000 after buying an additional 578 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Nutanix by 5.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,754 shares of the technology company’s stock valued at $725,000 after buying an additional 709 shares during the period. ProShare Advisors LLC increased its stake in Nutanix by 6.3% in the 2nd quarter. ProShare Advisors LLC now owns 7,690 shares of the technology company’s stock valued at $437,000 after buying an additional 455 shares during the period. Finally, Xponance Inc. increased its stake in Nutanix by 5.0% in the 2nd quarter. Xponance Inc. now owns 15,021 shares of the technology company’s stock valued at $854,000 after buying an additional 711 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 17th. Morgan Stanley boosted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. UBS Group assumed coverage on shares of Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer initiated coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.87.

Nutanix Trading Down 2.0 %

Shares of NASDAQ NTNX opened at $65.12 on Friday. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of -186.06, a PEG ratio of 10.71 and a beta of 1.16. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80. The company’s 50-day moving average price is $65.73 and its 200 day moving average price is $60.66.

Insider Activity at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of 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. In the last three months, insiders have sold 82,065 shares of company stock valued at $5,405,141. 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.