Crossmark Global Holdings Inc. Acquires Shares of 36,580 Nutanix, Inc. (NASDAQ:NTNX)

Crossmark Global Holdings Inc. acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,580 shares of the technology company’s stock, valued at approximately $2,238,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Freedom Investment Management Inc. raised its stake in Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after purchasing an additional 151 shares during the period. CIBC Asset Management Inc raised its stake in Nutanix by 3.4% during the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after purchasing an additional 233 shares during the period. Paragon Capital Management Inc. raised its stake in Nutanix by 1.0% during the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after purchasing an additional 258 shares during the period. Larson Financial Group LLC raised 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. Finally, Advisors Asset Management Inc. raised its stake in 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 during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Northland Securities reiterated a “market perform” rating and set a $77.00 price target (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. UBS Group assumed coverage on shares of Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target for the company. Finally, StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.87.

Nutanix Stock Down 2.0 %

NASDAQ NTNX opened at $65.12 on Friday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80. The stock has a market capitalization of $17.45 billion, a PE ratio of -186.06, a price-to-earnings-growth ratio of 10.71 and a beta of 1.16. The firm has a 50 day moving average of $65.73 and a two-hundred day moving average of $60.66.

Insiders Place Their Bets

In other news, 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 transaction of $392,263.80. Following the completion of the sale, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the sale, the chief executive officer now owns 649,034 shares of the company’s stock, valued at $42,738,888.90. This represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,065 shares of company stock worth $5,405,141 in the last 90 days. Corporate insiders own 6.80% of the company’s stock.

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.