Values First Advisors Inc. Decreases Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Values First Advisors Inc. lessened its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 47.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,458 shares of the technology company's stock after selling 4,008 shares during the period. Values First Advisors Inc.'s holdings in Nutanix were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Stephens Investment Management Group LLC raised its holdings in shares of Nutanix by 235.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company's stock worth $33,313,000 after acquiring an additional 382,232 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Nutanix in the 4th quarter worth about $1,544,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Nutanix by 5,473.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock worth $29,325,000 after acquiring an additional 470,717 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Nutanix by 73.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,679 shares of the technology company's stock worth $104,000 after acquiring an additional 711 shares during the last quarter. Finally, Yousif Capital Management LLC purchased a new stake in Nutanix in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Insider Buying and Selling at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of Nutanix 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 transaction, the director now owns 45,330 shares in the company, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 177,917 shares of company stock valued at $12,114,781 in the last three months. Company insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several analyst reports. Barclays increased their price objective on shares of Nutanix from $75.00 to $87.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Raymond James decreased their price objective on shares of Nutanix from $83.00 to $76.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. StockNews.com upgraded shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Needham & Company LLC increased their price objective on shares of Nutanix from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $79.50.

Nutanix Stock Down 0.5 %

NTNX traded down $0.34 on Friday, hitting $70.47. The company's stock had a trading volume of 1,694,924 shares, compared to its average volume of 1,916,061. The company's 50 day simple moving average is $65.76 and its 200-day simple moving average is $62.70. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80.

Nutanix Company 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.