American Trust Trims Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

American Trust trimmed its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 7.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,154 shares of the technology company’s stock after selling 740 shares during the period. American Trust’s holdings in Nutanix were worth $542,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTNX. ORG Wealth Partners LLC acquired a new position in shares of Nutanix in the 3rd quarter valued at about $27,000. Larson Financial Group LLC grew its holdings in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after acquiring an additional 281 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Nutanix during the second quarter valued at approximately $32,000. Advisors Asset Management Inc. lifted its holdings in 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 acquiring an additional 321 shares during the period. Finally, Signaturefd LLC boosted its position in Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after purchasing an additional 350 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now directly owns 192,169 shares in the company, valued at $11,309,145.65. The trade was a 11.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO David Sangster sold 11,950 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the sale, the chief operating officer now directly owns 123,868 shares of the company’s stock, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Oppenheimer started coverage on shares of Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price for the company. Piper Sandler lifted their price objective on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Northland Securities reiterated a “market perform” rating and issued a $77.00 price objective (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Royal Bank of Canada raised their target price on Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Needham & Company LLC upped their price target on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Nutanix Stock Performance

NASDAQ NTNX opened at $66.05 on Friday. The business has a fifty day moving average price of $66.13 and a 200 day moving average price of $59.19. The company has a market cap of $17.52 billion, a P/E ratio of -188.71, a P/E/G ratio of 10.14 and a beta of 1.13. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80.

About Nutanix

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.