Nutanix, Inc. (NASDAQ:NTNX) Stock Position Decreased by Inspire Investing LLC

Inspire Investing LLC cut its stake in Nutanix, Inc. (NASDAQ:NTNX) by 35.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,983 shares of the technology company’s stock after selling 15,623 shares during the period. Inspire Investing LLC’s holdings in Nutanix were worth $1,773,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in Nutanix in the 3rd quarter worth about $27,000. Larson Financial Group LLC raised its holdings 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 in the last quarter. Advisors Asset Management Inc. increased its position in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares during the period. Versant Capital Management Inc raised its stake in shares of Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after buying an additional 623 shares in the last quarter. Finally, Signaturefd LLC raised its position in Nutanix by 57.8% in the third quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after acquiring an additional 350 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the sale, the chief financial officer now owns 190,882 shares of the company’s stock, valued at $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the transaction, the chief executive officer now directly owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,065 shares of company stock worth $5,405,141 in the last quarter. 6.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group initiated coverage on Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 target price for the company. Morgan Stanley raised their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Barclays upped their target price on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Piper Sandler lifted their price target on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.87.

Nutanix Trading Up 1.5 %

NASDAQ NTNX opened at $66.44 on Thursday. The stock’s 50 day moving average is $65.73 and its two-hundred day moving average is $60.66. The company has a market capitalization of $17.80 billion, a price-to-earnings ratio of -189.83, a PEG ratio of 10.71 and a beta of 1.16. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $75.80.

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.