Everence Capital Management Inc. Invests $451,000 in Nutanix, Inc. (NASDAQ:NTNX)

Everence Capital Management Inc. acquired a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,370 shares of the technology company’s stock, valued at approximately $451,000.

Other institutional investors also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of Nutanix during the 3rd quarter valued at about $27,000. Larson Financial Group LLC grew its position in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in Nutanix during the second quarter valued at approximately $32,000. Advisors Asset Management Inc. raised its position in 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. Finally, Versant Capital Management Inc boosted its stake in shares of Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NTNX. Barclays lifted their target price on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. 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 research note on Tuesday, December 17th. Northland Securities reissued a “market perform” rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company upped their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Nutanix has an average rating of “Moderate Buy” and a consensus price target of $79.47.

Nutanix Stock Up 2.3 %

NTNX stock opened at $62.68 on Monday. The company has a fifty day simple moving average of $66.42 and a two-hundred day simple moving average of $59.94. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80. The firm has a market capitalization of $16.79 billion, a P/E ratio of -179.09, a price-to-earnings-growth ratio of 10.34 and a beta of 1.16.

Insider Activity at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction on Monday, December 23rd. The stock was 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 approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,771 shares of company stock valued at $5,387,045. Insiders own 6.80% of the company’s stock.

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.