800 Shares in Nutanix, Inc. (NASDAQ:NTNX) Bought by Berbice Capital Management LLC

Berbice Capital Management LLC acquired a new stake in Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 800 shares of the technology company’s stock, valued at approximately $49,000.

A number of other large investors also recently bought and sold shares of NTNX. Encompass More Asset Management purchased a new position in Nutanix during the fourth quarter worth about $513,000. Janney Montgomery Scott LLC increased its position in Nutanix by 5.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 36,206 shares of the technology company’s stock worth $2,215,000 after purchasing an additional 1,723 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Nutanix by 321.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 57,883 shares of the technology company’s stock worth $3,541,000 after buying an additional 44,155 shares in the last quarter. Perpetual Ltd acquired a new stake in shares of Nutanix in the 4th quarter valued at approximately $520,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Nutanix in the fourth quarter valued at approximately $2,238,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

NASDAQ:NTNX opened at $65.57 on Friday. The business’s 50-day moving average is $65.73 and its two-hundred day moving average is $60.66. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80. The firm has a market capitalization of $17.57 billion, a PE ratio of -186.51, a price-to-earnings-growth ratio of 10.88 and a beta of 1.16.

Analyst Ratings Changes

Several research analysts have issued reports on NTNX shares. Raymond James cut their price objective on Nutanix from $83.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Needham & Company LLC raised their price objective on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company boosted their price objective on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Oppenheimer initiated coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price for the company. Finally, Morgan Stanley upped their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.87.

Insider Transactions at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction dated 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 directly owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,065 shares of company stock valued at $5,405,141. 6.80% of the stock is currently owned by 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.