Savant Capital LLC Decreases Stake in Nutanix, Inc. (NASDAQ:NTNX)

Savant Capital LLC reduced its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,723 shares of the technology company's stock after selling 14,519 shares during the period. Savant Capital LLC's holdings in Nutanix were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock worth $30,000 after buying an additional 281 shares during the period. Advisors Asset Management Inc. boosted its position in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after buying an additional 321 shares during the period. Versant Capital Management Inc boosted its position in Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock worth $45,000 after buying an additional 623 shares during the period. Berbice Capital Management LLC acquired a new stake in Nutanix during the 4th quarter worth approximately $49,000. Finally, Signaturefd LLC boosted its position in Nutanix by 57.8% during the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company's stock worth $57,000 after buying an additional 350 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NTNX has been the subject of several analyst reports. Barclays raised their price target on shares of Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. UBS Group initiated coverage on shares of Nutanix in a report on Thursday, December 12th. They set a "buy" rating and a $81.00 price target for the company. Morgan Stanley raised their price target on shares of Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Raymond James lowered their price target on shares of Nutanix from $83.00 to $76.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Finally, Needham & Company LLC raised their price target on shares of Nutanix from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $79.50.

Nutanix Stock Up 1.7 %

NTNX stock traded up $1.20 during midday trading on Tuesday, reaching $71.67. 292,846 shares of the company's stock traded hands, compared to its average volume of 1,816,006. The company has a market cap of $19.20 billion, a price-to-earnings ratio of -204.65, a P/E/G ratio of 11.60 and a beta of 1.17. The firm's fifty day moving average price is $65.87 and its 200-day moving average price is $62.93. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80.

Insider Buying and Selling at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now owns 190,882 shares in the company, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 649,034 shares of the company's stock, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 177,917 shares of company stock worth $12,114,781. 6.80% of the stock is owned by corporate insiders.

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.