451 Shares in Nutanix, Inc. (NASDAQ:NTNX) Bought by Colonial Trust Co SC

Colonial Trust Co SC acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, HoldingsChannel reports. The fund acquired 451 shares of the technology company’s stock, valued at approximately $28,000.

Several other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. raised its position in shares of Nutanix by 2,612.5% during the 4th 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. Allworth Financial LP increased its stake in 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 in the last quarter. Principal Securities Inc. raised its holdings in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nutanix in the fourth quarter worth approximately $40,000. Finally, Larson Financial Group LLC increased its position in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Up 0.9 %

Shares of NASDAQ:NTNX opened at $75.10 on Friday. The company has a market capitalization of $20.03 billion, a price-to-earnings ratio of -214.57, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99. The business has a 50-day moving average price of $67.62 and a 200 day moving average price of $67.37.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays set a $94.00 target price on shares of Nutanix and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Wells Fargo & Company increased their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Finally, Oppenheimer increased their price target on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Nutanix has an average rating of “Buy” and an average price target of $87.85.

Insider Buying and Selling at Nutanix

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the transaction, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,514,740 shares of company stock worth $410,918,620 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.