Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC lessened its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,855 shares of the technology company’s stock after selling 4,545 shares during the quarter. Nutanix makes up 1.2% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 21st biggest position. Silverberg Bernstein Capital Management LLC’s holdings in Nutanix were worth $1,398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of Nutanix by 5.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,759 shares of the technology company’s stock valued at $612,000 after acquiring an additional 577 shares during the period. Choreo LLC purchased a new position in Nutanix during the second quarter worth approximately $277,000. Daiwa Securities Group Inc. grew its holdings in Nutanix by 9.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,500 shares of the technology company’s stock valued at $256,000 after purchasing an additional 370 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Nutanix by 24.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,698 shares of the technology company’s stock valued at $265,000 after buying an additional 924 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Nutanix by 44.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 189,712 shares of the technology company’s stock valued at $10,785,000 after acquiring an additional 58,661 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NTNX. UBS Group assumed coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective for the company. Wells Fargo & Company lifted their price objective on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. StockNews.com upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Northland Securities reiterated a “market perform” rating and set a $77.00 price target (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Finally, Piper Sandler upped their price objective on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.47.

Insider Transactions at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,771 shares of company stock valued at $5,387,045. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Trading Up 1.4 %

Shares of NASDAQ NTNX opened at $63.94 on Wednesday. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80. The stock has a market cap of $17.13 billion, a P/E ratio of -182.69, a PEG ratio of 10.34 and a beta of 1.16. The business’s fifty day simple moving average is $66.31 and its 200-day simple moving average is $60.40.

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.