Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC cut its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,855 shares of the technology company's stock after selling 4,545 shares during the quarter. Nutanix makes up approximately 1.2% of Silverberg Bernstein Capital Management LLC's investment portfolio, making the stock its 21st largest position. Silverberg Bernstein Capital Management LLC's holdings in Nutanix were worth $1,398,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new position in Nutanix in the 3rd quarter worth about $27,000. Larson Financial Group LLC raised its stake in shares of 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. Itau Unibanco Holding S.A. purchased a new position in shares of Nutanix during the 2nd quarter valued at approximately $32,000. Advisors Asset Management Inc. grew its stake in Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock valued at $32,000 after acquiring an additional 321 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Nutanix by 587.7% in the 4th 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. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In other news, CEO Rajiv Ramaswami sold 63,901 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the transaction, the director now directly owns 45,330 shares of the company's stock, valued at $2,934,210.90. The trade was a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,065 shares of company stock worth $5,405,141 in the last 90 days. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on NTNX shares. 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 report on Wednesday, November 27th. StockNews.com raised shares of Nutanix from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 28th. Barclays lifted their price objective on Nutanix from $75.00 to $87.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. UBS Group started coverage on Nutanix in a report on Thursday, December 12th. They set a "buy" rating and a $81.00 target price for the company. Finally, Morgan Stanley lifted their price target on Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Nutanix presently has a consensus rating of "Moderate Buy" and an average price target of $79.47.

Nutanix Trading Up 4.5 %

NTNX stock traded up $2.81 during trading on Wednesday, reaching $65.86. 2,209,241 shares of the stock were exchanged, compared to its average volume of 1,834,937. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of -188.17, a P/E/G ratio of 10.34 and a beta of 1.16. The business has a 50 day moving average price of $66.31 and a 200-day moving average price of $60.40. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80.

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.