Westover Capital Advisors LLC Acquires 1,522 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Westover Capital Advisors LLC increased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 7.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,996 shares of the technology company’s stock after purchasing an additional 1,522 shares during the quarter. Westover Capital Advisors LLC’s holdings in Nutanix were worth $1,307,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its position in shares of Nutanix by 24.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,698 shares of the technology company’s stock worth $265,000 after buying an additional 924 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Nutanix during the 2nd quarter worth approximately $291,000. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Nutanix in the second quarter valued at approximately $2,435,000. Thornburg Investment Management Inc. bought a new stake in shares of Nutanix in the second quarter worth $10,330,000. Finally, Headlands Technologies LLC boosted its holdings in Nutanix by 110.2% during the second quarter. Headlands Technologies LLC now owns 12,057 shares of the technology company’s stock worth $685,000 after purchasing an additional 6,321 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Northland Securities raised their price objective on Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 price objective on shares of Nutanix in a research note on Thursday, August 29th. Bank of America raised their target price on shares of Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Raymond James upped their price target on shares of Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Barclays lifted their price objective on shares of Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.31.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total value of $668,762.52. Following the sale, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Nutanix news, COO David Sangster sold 10,384 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now directly owns 64,333 shares in the company, valued at approximately $3,486,205.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rukmini Sivaraman sold 12,566 shares of Nutanix stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total transaction of $668,762.52. Following the completion of the sale, the chief financial officer now owns 144,902 shares of the company’s stock, valued at approximately $7,711,684.44. The disclosure for this sale can be found here. Insiders have sold a total of 46,936 shares of company stock worth $2,531,273 in the last ninety days. Company insiders own 0.46% of the company’s stock.

Nutanix Price Performance

Shares of Nutanix stock opened at $59.06 on Friday. The company’s 50 day moving average price is $53.68 and its two-hundred day moving average price is $58.97. The firm has a market capitalization of $14.57 billion, a P/E ratio of -843.59, a P/E/G ratio of 12.07 and a beta of 1.19. Nutanix, Inc. has a fifty-two week low of $33.30 and a fifty-two week high of $73.69.

About Nutanix

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.