Raymond James Financial Inc. Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

Raymond James Financial Inc. purchased a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,419,161 shares of the technology company’s stock, valued at approximately $86,824,000. Raymond James Financial Inc. owned approximately 0.53% of Nutanix at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Freedom Investment Management Inc. lifted its position in shares of Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after acquiring an additional 151 shares in the last quarter. Principal Securities Inc. increased its stake 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 during the last quarter. CIBC Asset Management Inc increased 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 acquiring an additional 233 shares during the last quarter. Allworth Financial LP increased its stake 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 during the last quarter. Finally, 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 acquiring an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 1.3 %

Shares of NASDAQ NTNX opened at $70.41 on Monday. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99. The company has a market cap of $18.86 billion, a P/E ratio of -201.17, a P/E/G ratio of 11.80 and a beta of 1.04. The stock has a fifty day moving average price of $68.06 and a 200 day moving average price of $65.16.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares in the company, valued at $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,684,917 shares of company stock worth $422,452,901 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NTNX. UBS Group lifted their price objective on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. 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 report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nutanix currently has a consensus rating of “Buy” and a consensus price target of $87.79.

Nutanix 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.