True Wealth Design LLC Buys 146 Shares of Nutanix, Inc. (NASDAQ:NTNX)

True Wealth Design LLC lifted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,249 shares of the technology company’s stock after purchasing an additional 146 shares during the period. True Wealth Design LLC’s holdings in Nutanix were worth $76,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NTNX. Harbour Investments Inc. lifted its holdings in 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 acquiring an additional 418 shares in the last quarter. Colonial Trust Co SC bought a new position in Nutanix during the fourth quarter worth about $28,000. Allworth Financial LP lifted its holdings in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares in the last quarter. Principal Securities Inc. lifted its holdings in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after acquiring an additional 199 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix during the fourth quarter worth about $40,000. 85.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. This trade represents a 32.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,575,797 shares of company stock valued at $415,742,123. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NTNX shares. Wells Fargo & Company lifted their target price on Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their price target on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Needham & Company LLC boosted their price target on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research note 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 data from MarketBeat.com, Nutanix currently has an average rating of “Buy” and an average target price of $87.85.

Nutanix Price Performance

NASDAQ NTNX opened at $82.77 on Friday. The stock’s fifty day moving average price is $68.72 and its 200 day moving average price is $67.98. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $83.14. The company has a market cap of $22.07 billion, a price-to-earnings ratio of -236.49, a PEG ratio of 11.80 and a beta of 0.70.

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.