Creative Financial Designs Inc. ADV Decreases Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Creative Financial Designs Inc. ADV trimmed its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,787 shares of the technology company’s stock after selling 435 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Nutanix were worth $170,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NTNX. Atria Investments Inc raised its holdings in shares of Nutanix by 29.3% during the 3rd quarter. Atria Investments Inc now owns 5,058 shares of the technology company’s stock valued at $300,000 after buying an additional 1,147 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Nutanix by 75.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,600 shares of the technology company’s stock valued at $510,000 after buying an additional 3,700 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after buying an additional 233 shares in the last quarter. Claro Advisors LLC purchased a new position in shares of Nutanix during the 3rd quarter valued at about $207,000. Finally, Quest Partners LLC increased its stake in Nutanix by 107.8% in the 3rd quarter. Quest Partners LLC now owns 7,337 shares of the technology company’s stock worth $435,000 after purchasing an additional 3,806 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NTNX. Royal Bank of Canada lifted their price target on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Raymond James set a $83.00 price target on Nutanix in a research note on Thursday, February 27th. UBS Group lifted their price target on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Finally, Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Nutanix currently has a consensus rating of “Buy” and a consensus target price of $87.79.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now directly owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred 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 sale, the director now 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 have sold 5,609,206 shares of company stock worth $417,458,120 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

Nutanix Stock Up 3.8 %

NASDAQ NTNX opened at $72.84 on Thursday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The firm has a market capitalization of $19.42 billion, a PE ratio of -208.11, a P/E/G ratio of 11.80 and a beta of 1.04. The stock’s 50 day moving average is $69.10 and its 200 day moving average is $65.82.

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.