Proficio Capital Partners LLC Acquires Shares of 98,928 Nutanix, Inc. (NASDAQ:NTNX)

Proficio Capital Partners LLC bought a new position in Nutanix, Inc. (NASDAQ:NTNX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 98,928 shares of the technology company’s stock, valued at approximately $6,052,000.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock worth $88,271,000 after purchasing an additional 33,980 shares in the last quarter. Atreides Management LP purchased a new position in Nutanix during the third quarter worth about $8,290,000. CIBC Asset Management Inc raised its holdings in Nutanix by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock worth $453,000 after purchasing an additional 375 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in Nutanix by 10.2% during the third quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock worth $80,287,000 after purchasing an additional 125,657 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Activity

In other news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. This 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 ninety days. 6.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NTNX. 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 report on Thursday, February 27th. 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 report on Thursday, February 27th. UBS Group increased their price target on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on shares of Nutanix in a report on Thursday, February 27th. Finally, Piper Sandler increased their target price on shares of Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $87.79.

Nutanix Price Performance

NTNX stock opened at $69.47 on Monday. The company’s 50 day simple moving average is $68.59 and its 200-day simple moving average is $65.66. The firm has a market capitalization of $18.61 billion, a PE ratio of -198.49, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99.

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.