Versant Capital Management Inc Boosts Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Versant Capital Management Inc increased its position in Nutanix, Inc. (NASDAQ:NTNXFree Report) by 587.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 729 shares of the technology company’s stock after acquiring an additional 623 shares during the period. Versant Capital Management Inc’s holdings in Nutanix were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Freedom Investment Management Inc. raised its stake in shares of Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after purchasing an additional 151 shares during the last quarter. CIBC Asset Management Inc raised its position in Nutanix by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after buying an additional 233 shares during the last quarter. Paragon Capital Management Inc. lifted its stake in Nutanix by 1.0% during the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock valued at $1,545,000 after acquiring an additional 258 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Nutanix by 122.7% during the 3rd 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 during the last quarter. Finally, Advisors Asset Management Inc. grew its stake 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 worth $32,000 after acquiring an additional 321 shares during the period. 85.25% of the stock is owned by institutional investors.

Insider Transactions at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, the chief executive officer now owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 81,771 shares of company stock valued at $5,387,045 over the last 90 days. Company insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX stock opened at $64.11 on Tuesday. The stock has a fifty day simple moving average of $66.42 and a two-hundred day simple moving average of $59.98. The firm has a market capitalization of $17.18 billion, a PE ratio of -183.17, a PEG ratio of 10.34 and a beta of 1.16. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Northland Securities restated a “market perform” rating and set a $77.00 price target (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Piper Sandler upped their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Oppenheimer began coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective on the stock. Finally, Needham & Company LLC upped their target price on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nutanix presently has an average rating of “Moderate Buy” and a consensus target price of $79.47.

View Our Latest Stock Report on Nutanix

About Nutanix

(Free Report)

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.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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