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

Oak Thistle LLC lowered its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 36.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTNX. ORG Wealth Partners LLC acquired a new stake in shares of Nutanix in the third quarter valued at about $27,000. Larson Financial Group LLC boosted its stake in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Nutanix in the 2nd quarter valued at approximately $32,000. Advisors Asset Management Inc. increased its position in Nutanix by 150.7% in 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. Finally, Versant Capital Management Inc increased its position 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 buying an additional 623 shares during the period. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Price Performance

Shares of NTNX stock opened at $65.86 on Thursday. The stock’s fifty day simple moving average is $66.31 and its 200 day simple moving average is $60.40. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The firm has a market cap 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.

Wall Street Analyst Weigh In

NTNX has been the topic of several research analyst reports. Piper Sandler raised their price objective on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Barclays raised their price target on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Northland Securities restated a “market perform” rating and set a $77.00 price objective (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Oppenheimer initiated coverage on shares of Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price for the company. Finally, StockNews.com upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. Three 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

Insider Buying and Selling at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction 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 $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,065 shares of company stock valued at $5,405,141. 6.80% of the stock is currently owned by company insiders.

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.