Diversified Trust Co Decreases Position in Nutanix, Inc. (NASDAQ:NTNX)

Diversified Trust Co reduced its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,076 shares of the technology company’s stock after selling 4,944 shares during the period. Diversified Trust Co’s holdings in Nutanix were worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Versor Investments LP grew its stake in shares of Nutanix by 211.7% during the third quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock worth $1,976,000 after acquiring an additional 22,652 shares during the last quarter. Marshall Wace LLP grew its position in Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after purchasing an additional 477,838 shares during the last quarter. Atreides Management LP acquired a new position in Nutanix during the 3rd quarter valued at approximately $8,290,000. Resolute Capital Asset Partners LLC purchased a new position in shares of Nutanix in the second quarter worth $2,274,000. Finally, Two Sigma Advisers LP lifted its stake in shares of Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after buying an additional 695,567 shares during the period. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the sale, the chief financial officer now owns 190,882 shares of the company’s stock, valued at $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,771 shares of company stock valued at $5,387,045 in the last three months. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NTNX has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Barclays raised their price objective on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company upped their target price on Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. 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 target for the company. Finally, UBS Group started coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 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 issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

Nutanix Trading Down 3.0 %

Shares of NTNX stock opened at $62.17 on Wednesday. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80. The business’s 50 day moving average is $66.37 and its two-hundred day moving average is $60.13. The company has a market capitalization of $16.66 billion, a P/E ratio of -177.63, a P/E/G ratio of 10.34 and a beta of 1.16.

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.