Wilmington Savings Fund Society FSB Invests $111,000 in Nutanix, Inc. (NASDAQ:NTNX)

Wilmington Savings Fund Society FSB purchased a new position in Nutanix, Inc. (NASDAQ:NTNX) during the 3rd quarter, HoldingsChannel reports. The fund purchased 1,869 shares of the technology company’s stock, valued at approximately $111,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in Nutanix in the 3rd quarter worth approximately $27,000. Larson Financial Group LLC increased its holdings in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares during the last quarter. Advisors Asset Management Inc. lifted its position 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 buying an additional 321 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Nutanix during the second quarter worth $32,000. Finally, Signaturefd LLC grew its holdings in Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock valued at $57,000 after buying an additional 350 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Up 0.9 %

Shares of NTNX opened at $63.90 on Friday. The company has a market cap of $17.12 billion, a P/E ratio of -182.57, a PEG ratio of 10.34 and a beta of 1.13. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The firm’s 50 day moving average price is $66.43 and its 200 day moving average price is $59.16.

Analysts Set New Price Targets

Several research analysts have recently commented on NTNX shares. StockNews.com upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. UBS Group initiated coverage on shares of Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 target price on the stock. Raymond James increased their price target on shares of Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Needham & Company LLC lifted their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Oppenheimer initiated coverage on Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective for the company. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.47.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the business’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 transaction, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the company’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 in the company, valued at $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

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.