Cerity Partners LLC Takes Position in Nutanix, Inc. (NASDAQ:NTNX)

Cerity Partners LLC purchased a new position in Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, HoldingsChannel reports. The fund purchased 4,958 shares of the technology company’s stock, valued at approximately $236,000.

A number of other institutional investors also recently bought and sold shares of NTNX. BluePath Capital Management LLC bought a new position in Nutanix in the third quarter worth $31,000. Fifth Third Bancorp bought a new position in shares of Nutanix in the 4th quarter worth about $62,000. DekaBank Deutsche Girozentrale bought a new position in shares of Nutanix in the 3rd quarter worth about $107,000. Quintet Private Bank Europe S.A. purchased a new position in Nutanix during the 3rd quarter valued at about $143,000. Finally, CWM LLC boosted its stake in Nutanix by 7.8% during the third quarter. CWM LLC now owns 4,527 shares of the technology company’s stock worth $158,000 after acquiring an additional 328 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Nutanix Stock Up 1.0 %

Shares of Nutanix stock opened at $62.27 on Tuesday. Nutanix, Inc. has a twelve month low of $23.80 and a twelve month high of $66.99. The company’s 50 day moving average is $62.26 and its 200 day moving average is $51.80. The company has a market cap of $15.21 billion, a price-to-earnings ratio of -172.97 and a beta of 1.29.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The firm had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. Sell-side analysts expect that Nutanix, Inc. will post -0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. KeyCorp raised their target price on shares of Nutanix from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Piper Sandler boosted their target price on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Susquehanna increased their target price on Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Wednesday, April 10th. William Blair raised Nutanix from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Finally, StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.17.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the transaction, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Steven J. Gomo sold 25,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 3,962 shares in the company, valued at $254,003.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 144,635 shares in the company, valued at $9,368,008.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,506 shares of company stock worth $8,270,938. 0.46% of the stock is owned by insiders.

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.