Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Avory & Company LLC

Avory & Company LLC raised its holdings in Nutanix, Inc. (NASDAQ:NTNX – Get Rating) by 8.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 764,227 shares of the technology company’s stock after purchasing an additional 58,734 shares during the period. Nutanix comprises 13.5% of Avory & Company LLC’s holdings, making the stock its largest position. Avory & Company LLC owned about 0.34% of Nutanix worth $15,919,000 as of its most recent SEC filing.

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A number of other institutional investors and hedge funds have also made changes to their positions in NTNX. SG Americas Securities LLC acquired a new position in shares of Nutanix during the 3rd quarter worth about $238,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Nutanix by 11.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 144,219 shares of the technology company’s stock worth $3,004,000 after acquiring an additional 14,430 shares during the last quarter. Comerica Bank purchased a new stake in shares of Nutanix during the third quarter worth approximately $1,510,000. US Bancorp DE raised its stake in Nutanix by 48.7% in the 3rd quarter. US Bancorp DE now owns 4,040 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,324 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Nutanix by 22.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,474 shares of the technology company’s stock worth $260,000 after purchasing an additional 2,264 shares during the last quarter. 76.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Nutanix

In related news, insider Tyler Wall sold 90,000 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $26.19, for a total transaction of $2,357,100.00. Following the transaction, the insider now owns 48,256 shares of the company’s stock, valued at approximately $1,263,824.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Rukmini Sivaraman sold 13,130 shares of the business’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $30.51, for a total transaction of $400,596.30. Following the completion of the transaction, the chief financial officer now directly owns 107,116 shares of the company’s stock, valued at approximately $3,268,109.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tyler Wall sold 90,000 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $26.19, for a total value of $2,357,100.00. Following the completion of the sale, the insider now directly owns 48,256 shares in the company, valued at approximately $1,263,824.64. The disclosure for this sale can be found here. Insiders sold a total of 324,686 shares of company stock worth $9,538,498 over the last ninety days. Company insiders own 0.43% of the company’s stock.

Nutanix Stock Performance

NASDAQ:NTNX opened at $26.79 on Friday. The stock has a market capitalization of $6.16 billion, a P/E ratio of -12.58 and a beta of 1.21. Nutanix, Inc. has a fifty-two week low of $13.44 and a fifty-two week high of $33.73. The company has a 50 day moving average price of $28.27 and a 200 day moving average price of $22.73.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Nutanix from $29.00 to $33.00 in a research note on Thursday, December 1st. Morgan Stanley upped their price target on Nutanix from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 13th. Needham & Company LLC lifted their price objective on Nutanix from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, December 1st. Wells Fargo & Company raised their target price on Nutanix from $20.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 1st. Finally, Royal Bank of Canada boosted their price target on shares of Nutanix from $24.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, November 28th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.58.

Nutanix Profile

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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.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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