Nutanix, Inc. (NASDAQ:NTNX) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 169.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,563 shares of the technology company’s stock after purchasing an additional 12,934 shares during the period. Sequoia Financial Advisors LLC’s holdings in Nutanix were worth $981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NTNX. BluePath Capital Management LLC acquired a new position in shares of Nutanix during the 3rd quarter worth approximately $31,000. Point72 Hong Kong Ltd acquired a new position in shares of Nutanix during the 1st quarter worth approximately $35,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Nutanix during the 3rd quarter worth approximately $42,000. International Assets Investment Management LLC acquired a new position in shares of Nutanix during the 3rd quarter worth approximately $46,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in Nutanix in the fourth quarter valued at approximately $47,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Down 1.6 %

Nutanix stock opened at $63.22 on Monday. Nutanix, Inc. has a twelve month low of $23.34 and a twelve month high of $66.99. The stock’s fifty day simple moving average is $61.56 and its 200-day simple moving average is $49.87.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The company had revenue of $565.23 million for the quarter, compared to analysts’ expectations of $551.82 million. On average, analysts predict that Nutanix, Inc. will post -0.05 earnings per share for the current fiscal year.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 53,029 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Steven J. Gomo sold 25,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $64.11, for a total transaction of $1,602,750.00. Following the completion of the transaction, the director now owns 3,962 shares in the company, valued at $254,003.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the transaction, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th. Royal Bank of Canada upped their price objective on Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. KeyCorp upped their price objective on Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Morgan Stanley upped their price objective on Nutanix from $58.00 to $63.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. Finally, Needham & Company LLC upped their price objective on Nutanix from $62.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Nutanix currently has an average rating of “Moderate Buy” and a consensus price target of $65.17.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.