Nutanix, Inc. (NASDAQ:NTNX) Stock Holdings Trimmed by Okabena Investment Services Inc.

Okabena Investment Services Inc. lessened its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 34.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,629 shares of the technology company’s stock after selling 15,544 shares during the period. Okabena Investment Services Inc.’s holdings in Nutanix were worth $1,413,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in Nutanix during the 4th quarter valued at approximately $29,000. GAMMA Investing LLC bought a new position in shares of Nutanix during the fourth quarter worth about $30,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Nutanix in the 4th quarter worth about $40,000. Fifth Third Bancorp bought a new stake in Nutanix in the 4th quarter valued at about $62,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Nutanix during the 4th quarter valued at about $77,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

NTNX has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Nutanix from $63.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, May 23rd. Raymond James lifted their price objective on shares of Nutanix from $72.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Piper Sandler raised their price objective on shares of Nutanix from $67.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Barclays cut their price objective on Nutanix from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Finally, Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.77.

Nutanix Stock Performance

NASDAQ NTNX opened at $54.01 on Friday. The stock’s 50 day simple moving average is $62.72 and its 200 day simple moving average is $57.53. Nutanix, Inc. has a one year low of $26.47 and a one year high of $73.69.

Insider Buying and Selling

In related news, insider Tyler Wall sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the completion of the transaction, the insider now directly owns 13,168 shares in the company, valued at approximately $819,708. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Tyler Wall sold 15,000 shares of Nutanix stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $62.25, for a total value of $933,750.00. Following the sale, the insider now owns 13,168 shares of the company’s stock, valued at $819,708. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 53,029 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The disclosure for this sale can be found here. Insiders sold a total of 104,506 shares of company stock valued at $6,668,188 over the last ninety days. Insiders own 0.46% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.