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

Silverberg Bernstein Capital Management LLC increased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,455 shares of the technology company’s stock after acquiring an additional 600 shares during the period. Nutanix comprises 1.5% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 18th largest position. Silverberg Bernstein Capital Management LLC’s holdings in Nutanix were worth $1,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Harbour Investments Inc. boosted its holdings in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after buying an additional 418 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Nutanix by 78.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company’s stock worth $30,000 after purchasing an additional 191 shares during the last quarter. Colonial Trust Co SC acquired a new stake in Nutanix during the 4th quarter worth $28,000. Allworth Financial LP boosted its stake in Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on NTNX. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Needham & Company LLC reiterated a “buy” rating and issued a $92.00 price objective on shares of Nutanix in a report on Thursday, May 29th. Wall Street Zen raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Friday. Royal Bank of Canada upped their price target on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Raymond James cut shares of Nutanix from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 20th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $90.38.

Insider Activity

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares of the company’s stock, valued at $41,877,450. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX opened at $77.06 on Tuesday. The stock has a market capitalization of $20.55 billion, a PE ratio of -220.17, a P/E/G ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $83.36. The company’s 50-day simple moving average is $70.38 and its 200-day simple moving average is $68.84.

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.