Capital Performance Advisors LLP Acquires 1,146 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Capital Performance Advisors LLP lifted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 51.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,395 shares of the technology company’s stock after purchasing an additional 1,146 shares during the period. Capital Performance Advisors LLP’s holdings in Nutanix were worth $208,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NTNX. Larson Financial Group LLC grew its holdings in shares of 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 purchasing an additional 281 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Nutanix by 150.7% during 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. Principal Securities Inc. lifted its stake in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after acquiring an additional 623 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of Nutanix stock opened at $70.47 on Monday. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80. The business has a 50-day moving average of $65.76 and a two-hundred day moving average of $62.78.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTNX. Northland Securities reaffirmed a “market perform” rating and set a $77.00 price target (up previously from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Needham & Company LLC upped their price target on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays upped their price target on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their target price on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Raymond James cut their target price on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 177,917 shares of company stock worth $12,114,781 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

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.