Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 27,174 shares of the technology company’s stock after selling 837 shares during the quarter. New York Life Investment Management LLC’s holdings in Nutanix were worth $1,663,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NTNX. Larson Financial Group LLC grew 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 purchasing an additional 281 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares during the period. Advisors Asset Management Inc. grew 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 valued at $32,000 after buying an additional 321 shares during the last quarter. Principal Securities Inc. increased its position in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Finally, Versant Capital Management Inc raised its stake 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 during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on NTNX shares. Raymond James set a $83.00 price target on Nutanix in a research note on Thursday. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and upped their target price for the company from $77.00 to $97.00 in a research report on Thursday. Wells Fargo & Company raised their price target on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Royal Bank of Canada raised their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has 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 data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $87.79.

Insider Buying and Selling

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at $37,832,410. This represents a 15.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % 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 valued at $12,114,781. 6.80% of the stock is owned by company insiders.

Nutanix Stock Up 0.5 %

NTNX stock opened at $76.89 on Monday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.90. The firm has a market cap of $20.60 billion, a P/E ratio of -219.69, a PEG ratio of 11.80 and a beta of 1.17. The company’s 50-day simple moving average is $66.98 and its 200-day simple moving average is $64.38.

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.