Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 21.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,729 shares of the technology company’s stock after selling 4,991 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Nutanix were worth $1,146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC lifted its stake in Nutanix by 32.2% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 5,953 shares of the technology company’s stock valued at $364,000 after buying an additional 1,450 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of Nutanix in the 4th quarter worth about $698,000. Harbour Investments Inc. lifted its position in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after purchasing an additional 418 shares during the last quarter. Natixis Advisors LLC boosted its stake in Nutanix by 20.1% during the 4th quarter. Natixis Advisors LLC now owns 23,247 shares of the technology company’s stock valued at $1,422,000 after purchasing an additional 3,888 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Nutanix by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,933 shares of the technology company’s stock worth $1,220,000 after purchasing an additional 544 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Transactions at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s 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 sale, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred 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 sale, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. The trade was a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,609,206 shares of company stock worth $417,458,120. 6.80% of the stock is owned by insiders.

Nutanix Stock Down 0.5 %

Shares of NTNX opened at $72.50 on Friday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The company’s fifty day moving average is $69.30 and its 200-day moving average is $65.86. The firm has a market cap of $19.33 billion, a price-to-earnings ratio of -207.14, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NTNX. Raymond James set a $83.00 price target on Nutanix in a report on Thursday, February 27th. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and raised their target price for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Piper Sandler raised their price objective on shares of Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada upped their target price on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.79.

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.