Nutanix, Inc. (NASDAQ:NTNX) Shares Purchased by Quest Partners LLC

Quest Partners LLC increased its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 49.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,531 shares of the technology company’s stock after purchasing an additional 1,162 shares during the quarter. Quest Partners LLC’s holdings in Nutanix were worth $201,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NTNX. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Nutanix during the 2nd quarter worth approximately $25,000. Kapitalo Investimentos Ltda acquired a new position in Nutanix during the fourth quarter worth $37,000. GAMMA Investing LLC lifted its holdings in Nutanix by 35.2% during the second quarter. GAMMA Investing LLC now owns 933 shares of the technology company’s stock valued at $53,000 after purchasing an additional 243 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Nutanix in the first quarter valued at about $64,000. Finally, Versant Capital Management Inc increased its stake in shares of Nutanix by 18,916.7% during the second quarter. Versant Capital Management Inc now owns 1,141 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,135 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $59.06 on Monday. The company has a market capitalization of $14.57 billion, a P/E ratio of -843.59, a P/E/G ratio of 12.07 and a beta of 1.19. The company has a 50 day simple moving average of $53.68 and a 200-day simple moving average of $58.98. Nutanix, Inc. has a 1 year low of $33.30 and a 1 year high of $73.69.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NTNX. Northland Securities raised their price target on shares of Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their target price on Nutanix from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Raymond James boosted their price target on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Bank of America raised their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada upped their target price on shares of Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.31.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 23,986 shares of Nutanix stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total value of $1,299,801.34. Following the sale, the chief executive officer now owns 407,045 shares in the company, valued at $22,057,768.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Rajiv Ramaswami sold 23,986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $1,299,801.34. Following the completion of the sale, the chief executive officer now directly owns 407,045 shares of the company’s stock, valued at approximately $22,057,768.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 12,566 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total transaction of $668,762.52. Following the completion of the sale, the chief financial officer now owns 144,902 shares in the company, valued at $7,711,684.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,936 shares of company stock worth $2,531,273. Company insiders own 0.46% of the company’s stock.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.