Oak Thistle LLC Sells 9,106 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Oak Thistle LLC trimmed its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,007 shares of the technology company's stock after selling 9,106 shares during the quarter. Oak Thistle LLC's holdings in Nutanix were worth $979,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Freedom Investment Management Inc. raised its position in shares of Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company's stock valued at $230,000 after purchasing an additional 151 shares during the period. CIBC Asset Management Inc raised its holdings in Nutanix by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company's stock valued at $417,000 after acquiring an additional 233 shares during the period. Paragon Capital Management Inc. raised its holdings in Nutanix by 1.0% in the 3rd quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company's stock valued at $1,545,000 after acquiring an additional 258 shares during the period. Larson Financial Group LLC lifted its position in Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock worth $30,000 after acquiring an additional 281 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after acquiring an additional 321 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Up 1.0 %

Shares of NTNX stock traded up $0.69 during trading hours on Thursday, reaching $66.55. The company's stock had a trading volume of 1,922,328 shares, compared to its average volume of 1,801,064. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $75.80. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of -190.14, a PEG ratio of 10.19 and a beta of 1.16. The firm's 50 day simple moving average is $66.31 and its 200-day simple moving average is $60.40.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares of the company's stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the sale, the chief financial officer now directly owns 190,882 shares in the company, valued at $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,065 shares of company stock valued at $5,405,141 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NTNX. Piper Sandler lifted their price target on Nutanix from $77.00 to $83.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. StockNews.com raised Nutanix from a "buy" rating to a "strong-buy" rating in a report on Thursday, November 28th. Barclays upped their price target 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. 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. Finally, Oppenheimer began coverage on shares of Nutanix in a research report on Wednesday, November 13th. They set an "outperform" rating and a $80.00 target price on the stock. 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, Nutanix has a consensus rating of "Moderate Buy" and a consensus target price of $79.47.

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.