EverSource Wealth Advisors LLC Buys 985 Shares of Nutanix, Inc. (NASDAQ:NTNX)

EverSource Wealth Advisors LLC raised its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 408.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,226 shares of the technology company’s stock after acquiring an additional 985 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Nutanix were worth $75,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after acquiring an additional 281 shares during the period. Allworth Financial LP lifted its holdings in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares during the period. Principal Securities Inc. lifted its holdings in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Nutanix during the fourth quarter valued at $40,000. 85.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Oppenheimer lifted their price target on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on Nutanix in a report on Thursday, February 27th. Needham & Company LLC lifted their price target on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Barclays set a $94.00 price target on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.79.

Insider Transactions at Nutanix

In other news, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. The trade was a 69.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,609,206 shares of company stock worth $417,458,120. 6.80% of the stock is currently owned by company insiders.

Nutanix Trading Down 1.3 %

Shares of NASDAQ:NTNX opened at $70.18 on Wednesday. The stock has a market capitalization of $18.71 billion, a P/E ratio of -200.51, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The business has a 50-day moving average price of $68.89 and a two-hundred day moving average price of $65.77.

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.