180 Wealth Advisors LLC Trims Stake in Nutanix, Inc. (NASDAQ:NTNX)

180 Wealth Advisors LLC lowered its holdings in Nutanix, Inc. (NASDAQ:NTNXFree Report) by 3.6% during the third quarter, Holdings Channel.com reports. The firm owned 11,291 shares of the technology company’s stock after selling 425 shares during the period. 180 Wealth Advisors LLC’s holdings in Nutanix were worth $394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new stake in shares of Nutanix in the third quarter valued at $31,000. Point72 Hong Kong Ltd acquired a new position in Nutanix during the 1st quarter worth $35,000. BOK Financial Private Wealth Inc. acquired a new position in Nutanix during the 3rd quarter worth $42,000. International Assets Investment Management LLC acquired a new position in Nutanix during the 3rd quarter worth $46,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in Nutanix during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 78.74% of the company’s stock.

Nutanix Price Performance

Nutanix stock opened at $52.79 on Thursday. Nutanix, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $52.87. The stock has a 50-day simple moving average of $44.77 and a 200-day simple moving average of $37.08.

Nutanix (NASDAQ:NTNXGet Free Report) last posted its earnings results on Wednesday, November 29th. The technology company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.11. The firm had revenue of $511.10 million during the quarter, compared to analysts’ expectations of $501.26 million. During the same period in the previous year, the firm posted ($0.32) earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, research analysts anticipate that Nutanix, Inc. will post -0.19 earnings per share for the current fiscal year.

Insider Activity

In other Nutanix news, COO David Sangster sold 10,616 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $46.04, for a total transaction of $488,760.64. Following the completion of the sale, the chief operating officer now directly owns 68,471 shares of the company’s stock, valued at approximately $3,152,404.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Nutanix news, COO David Sangster sold 10,616 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $46.04, for a total transaction of $488,760.64. Following the completion of the sale, the chief operating officer now directly owns 68,471 shares of the company’s stock, valued at approximately $3,152,404.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 24,439 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $46.05, for a total value of $1,125,415.95. Following the sale, the chief executive officer now directly owns 333,519 shares of the company’s stock, valued at $15,358,549.95. The disclosure for this sale can be found here. In the last three months, insiders sold 245,226 shares of company stock valued at $10,796,748. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on NTNX. Susquehanna boosted their target price on Nutanix from $48.00 to $60.00 and gave the stock a “positive” rating in a research note on Friday, December 1st. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. TheStreet cut Nutanix from a “c” rating to a “d” rating in a research note on Wednesday, November 29th. Morgan Stanley lifted their price target on Nutanix from $38.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 30th. Finally, William Blair raised Nutanix from a “market perform” rating to an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.18.

Read Our Latest Report on NTNX

Nutanix Company Profile

(Free Report)

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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