Arkadios Wealth Advisors Increases Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Arkadios Wealth Advisors raised its stake in Nutanix, Inc. (NASDAQ:NTNX) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,874 shares of the technology company’s stock after purchasing an additional 2,667 shares during the period. Arkadios Wealth Advisors’ holdings in Nutanix were worth $1,583,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NTNX. DekaBank Deutsche Girozentrale increased its stake in Nutanix by 24.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,698 shares of the technology company’s stock valued at $265,000 after purchasing an additional 924 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Nutanix by 44.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 189,712 shares of the technology company’s stock valued at $10,785,000 after acquiring an additional 58,661 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Nutanix by 15.7% in the second quarter. Dimensional Fund Advisors LP now owns 901,923 shares of the technology company’s stock valued at $51,270,000 after acquiring an additional 122,505 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Nutanix by 9.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,003 shares of the technology company’s stock valued at $388,000 after acquiring an additional 578 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Nutanix by 5.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,754 shares of the technology company’s stock valued at $725,000 after acquiring an additional 709 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the transaction, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,065 shares of company stock valued at $5,405,141. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NTNX has been the subject of several research analyst reports. Piper Sandler increased their price objective on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Barclays increased their price objective on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Northland Securities reissued a “market perform” rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Morgan Stanley increased their price objective on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, UBS Group initiated coverage on Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 price target for the company. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.87.

Nutanix Stock Performance

Nutanix stock opened at $65.14 on Friday. Nutanix, Inc. has a one year low of $43.35 and a one year high of $75.80. The business has a fifty day moving average of $66.11 and a two-hundred day moving average of $60.52. The company has a market cap of $17.45 billion, a P/E ratio of -186.11, a price-to-earnings-growth ratio of 10.19 and a beta of 1.16.

Nutanix 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.