Nutanix, Inc. (NASDAQ:NTNX) Stock Position Decreased by Avory & Company LLC

Avory & Company LLC lessened its position in Nutanix, Inc. (NASDAQ:NTNX) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,038 shares of the technology company’s stock after selling 3,976 shares during the quarter. Nutanix comprises 4.4% of Avory & Company LLC’s holdings, making the stock its 10th largest position. Avory & Company LLC’s holdings in Nutanix were worth $7,895,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NTNX. Larson Financial Group LLC lifted its position 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 acquiring an additional 281 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after purchasing an additional 256 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Nutanix by 150.7% in the third 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 last quarter. Principal Securities Inc. increased its holdings in shares of Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after purchasing an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NTNX shares. UBS Group increased their price target on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and increased their price target for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Wells Fargo & Company increased their price target on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, February 27th. Royal Bank of Canada increased their price target on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $87.79.

Insider Activity

In other news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the sale, the director now directly owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,684,917 shares of company stock valued at $422,452,901. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Trading Up 0.0 %

Shares of NASDAQ NTNX opened at $77.10 on Thursday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The stock has a fifty day simple moving average of $67.74 and a 200-day simple moving average of $64.82. The stock has a market capitalization of $20.66 billion, a PE ratio of -220.29, a PEG ratio of 11.80 and a beta of 1.17.

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.