Clarity Wealth Advisors LLC Trims Stake in Nutanix, Inc. (NASDAQ:NTNX)

Clarity Wealth Advisors LLC cut its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 10.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,221 shares of the technology company’s stock after selling 500 shares during the quarter. Clarity Wealth Advisors LLC’s holdings in Nutanix were worth $258,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NTNX. ORG Wealth Partners LLC bought a new stake in Nutanix in the third quarter worth about $27,000. Larson Financial Group LLC raised its holdings in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after buying an additional 281 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Nutanix by 150.7% during the 3rd 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 last quarter. Versant Capital Management Inc boosted its holdings in Nutanix by 587.7% during the 4th 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. Finally, Berbice Capital Management LLC bought a new position in Nutanix in the 4th quarter valued at $49,000. 85.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of recent analyst reports. Oppenheimer began coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price for the company. UBS Group assumed coverage on Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective on the stock. Raymond James decreased their target price on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company upped their target price on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 2nd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.50.

Insiders Place Their Bets

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s 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 completion of the sale, the chief financial officer now owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is currently owned by insiders.

Nutanix Stock Down 0.5 %

Shares of Nutanix stock opened at $70.53 on Friday. The company has a market cap of $18.90 billion, a P/E ratio of -201.51, a PEG ratio of 11.26 and a beta of 1.17. The firm’s 50 day moving average price is $65.29 and its 200-day moving average price is $61.71. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80.

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.