Chicago Partners Investment Group LLC Invests $293,000 in Nutanix, Inc. (NASDAQ:NTNX)

Chicago Partners Investment Group LLC acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,697 shares of the technology company’s stock, valued at approximately $293,000.

Other large investors also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of Nutanix in the 3rd quarter valued at $27,000. Larson Financial Group LLC increased its stake in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after purchasing an additional 281 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after purchasing an additional 623 shares during the period. Finally, Berbice Capital Management LLC acquired a new position in shares of Nutanix in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Up 3.2 %

Shares of NTNX opened at $70.94 on Wednesday. The company’s 50 day simple moving average is $65.14 and its 200-day simple moving average is $61.42. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80. The firm has a market cap of $19.01 billion, a PE ratio of -202.69, a price-to-earnings-growth ratio of 11.26 and a beta of 1.17.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NTNX shares. Barclays increased their price objective on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Needham & Company LLC lifted their price objective on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Oppenheimer initiated coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, UBS Group initiated coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Nutanix has an average rating of “Moderate Buy” and a consensus price target of $78.87.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the transaction, the chief financial officer now directly owns 190,882 shares in the company, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the business’s 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 completion of the transaction, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,065 shares of company stock worth $5,405,141. 6.80% of the stock is owned by company insiders.

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.