Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lessened its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 93.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,544 shares of the technology company's stock after selling 74,358 shares during the quarter. Empowered Funds LLC's holdings in Nutanix were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NTNX. Larson Financial Group LLC lifted its stake 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 in the last quarter. 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 during the last quarter. Versant Capital Management Inc grew 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 acquiring an additional 623 shares in the last quarter. Berbice Capital Management LLC bought a new stake in Nutanix during the fourth quarter worth approximately $49,000. Finally, Signaturefd LLC raised its position in Nutanix by 57.8% during the third quarter. Signaturefd LLC now owns 956 shares of the technology company's stock valued at $57,000 after purchasing an additional 350 shares during the period. Institutional investors own 85.25% of the company's stock.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 63,901 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, the chief executive officer now owns 649,034 shares of the company's stock, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Virginia Gambale sold 6,060 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now owns 45,330 shares of the company's stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is owned by insiders.

Nutanix Stock Down 3.3 %

Shares of Nutanix stock traded down $2.35 during mid-day trading on Friday, reaching $69.74. 1,687,100 shares of the stock traded hands, compared to its average volume of 1,807,464. The business has a 50-day moving average of $66.24 and a 200 day moving average of $63.23. The stock has a market capitalization of $18.69 billion, a PE ratio of -199.26, a PEG ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NTNX. Northland Securities restated a "market perform" rating and issued a $77.00 price target (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Needham & Company LLC lifted their price target on shares of Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Raymond James cut their price objective on Nutanix from $83.00 to $76.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Oppenheimer began coverage on shares of Nutanix in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $80.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target 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. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Nutanix currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.50.

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.