Venturi Wealth Management LLC Acquires 785 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Venturi Wealth Management LLC boosted its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 97.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,591 shares of the technology company’s stock after buying an additional 785 shares during the quarter. Venturi Wealth Management LLC’s holdings in Nutanix were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in NTNX. Allworth Financial LP boosted its stake in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares during the last quarter. Larson Financial Group LLC raised its holdings in Nutanix by 122.7% in the 3rd 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 period. Advisors Asset Management Inc. lifted its position in 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 purchasing an additional 321 shares in the last quarter. Principal Securities Inc. grew its holdings in 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 purchasing an additional 199 shares during the period. Finally, Versant Capital Management Inc increased its position in Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after buying an additional 623 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NTNX shares. Morgan Stanley increased their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. UBS Group began coverage on shares of Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Piper Sandler increased their price target on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC boosted their price objective on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Nutanix Trading Down 3.3 %

NTNX opened at $69.74 on Monday. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of -199.26, a PEG ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80. The business’s fifty day simple moving average is $66.31 and its 200-day simple moving average is $63.51.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction on 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 directly owns 190,882 shares in the company, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 177,917 shares of company stock worth $12,114,781. 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.