Burney Co. Boosts Stake in Nutanix, Inc. (NASDAQ:NTNX)

Burney Co. boosted its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,451 shares of the technology company's stock after buying an additional 3,941 shares during the quarter. Burney Co.'s holdings in Nutanix were worth $1,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Nutanix by 111.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,138 shares of the technology company's stock valued at $70,000 after purchasing an additional 600 shares during the period. Accurate Wealth Management LLC grew its stake in Nutanix by 41.8% in the 4th quarter. Accurate Wealth Management LLC now owns 18,562 shares of the technology company's stock valued at $1,155,000 after acquiring an additional 5,473 shares during the period. Pallas Capital Advisors LLC grew its stake in Nutanix by 2.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 13,432 shares of the technology company's stock valued at $822,000 after acquiring an additional 384 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Nutanix by 1.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,257 shares of the technology company's stock worth $1,259,000 after acquiring an additional 329 shares during the period. Finally, Doliver Advisors LP raised its position in Nutanix by 17.9% during the fourth quarter. Doliver Advisors LP now owns 6,820 shares of the technology company's stock worth $417,000 after acquiring an additional 1,033 shares during the period. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Activity

In other Nutanix 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 sale, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the company's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,065 shares of company stock valued at $5,405,141 in the last 90 days. Company insiders own 6.80% of the company's stock.

Nutanix Price Performance

Shares of NTNX traded down $1.41 during mid-day trading on Friday, reaching $65.14. The stock had a trading volume of 1,613,567 shares, compared to its average volume of 1,834,295. The business's fifty day moving average is $66.11 and its 200 day moving average is $60.52. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of -186.11, a P/E/G ratio of 10.19 and a beta of 1.16.

Analyst Ratings Changes

A number of analysts have recently commented on NTNX shares. Northland Securities reissued a "market perform" rating and set a $77.00 target price (up previously from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. StockNews.com upgraded Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 28th. Raymond James reduced their target price on Nutanix from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Friday. Oppenheimer initiated coverage on Nutanix in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 price target on the stock. Finally, Morgan Stanley boosted their price target on Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nutanix has an average rating of "Moderate Buy" and a consensus target price of $78.87.

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.