Stifel Financial Corp Sells 4,155 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Stifel Financial Corp cut its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 21.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,568 shares of the technology company’s stock after selling 4,155 shares during the quarter. Stifel Financial Corp’s holdings in Nutanix were worth $922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in Nutanix during the 3rd quarter valued at about $27,000. Larson Financial Group LLC lifted its stake in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after buying an additional 281 shares in the last quarter. 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. Itau Unibanco Holding S.A. bought a new stake in shares of Nutanix during the second quarter valued at approximately $32,000. Finally, Signaturefd LLC raised its holdings in Nutanix by 57.8% in the 3rd quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after acquiring an additional 350 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on NTNX. Barclays lifted their target price on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Bank of America boosted their target price on Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. Royal Bank of Canada lifted their price target on shares of Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Oppenheimer initiated coverage on shares of Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.47.

Nutanix Trading Down 0.8 %

Shares of NASDAQ:NTNX opened at $64.57 on Tuesday. The stock has a 50 day moving average of $66.44 and a 200 day moving average of $59.32. The company has a market cap of $17.30 billion, a PE ratio of -184.49, a price-to-earnings-growth ratio of 10.34 and a beta of 1.13. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80.

Insider Buying and Selling at Nutanix

In related news, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the sale, the chief financial officer now owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $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. Insiders have sold 81,771 shares of company stock valued at $5,387,045 over the last 90 days. 6.80% of the stock is currently owned by corporate 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.