Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Mendel Money Management

Mendel Money Management reduced its position in Nutanix, Inc. (NASDAQ:NTNX) by 28.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,710 shares of the technology company’s stock after selling 3,050 shares during the quarter. Mendel Money Management’s holdings in Nutanix were worth $472,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Larson Financial Group LLC boosted its stake in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after buying an additional 146 shares during the period. Freedom Investment Management Inc. lifted its position in Nutanix by 4.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after acquiring an additional 151 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock valued at $349,000 after purchasing an additional 188 shares during the period. Principal Securities Inc. raised 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 worth $35,000 after purchasing an additional 199 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Nutanix Trading Down 0.1 %

Shares of NTNX stock opened at $74.92 on Wednesday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of -214.06, a PEG ratio of 11.80 and a beta of 1.04. The firm has a 50-day moving average price of $70.01 and a 200 day moving average price of $66.17.

Insider Activity at Nutanix

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now owns 540,463 shares of the company’s stock, valued at $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 90 days, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. Company insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oppenheimer upped their price objective on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Royal Bank of Canada raised their price objective on shares of Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company boosted their target price on Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Piper Sandler upped their price objective on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.79.

Nutanix Profile

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.