Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 12.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,076 shares of the technology company’s stock after selling 4,944 shares during the quarter. Diversified Trust Co’s holdings in Nutanix were worth $2,146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bain Capital Investors LLC acquired a new stake in Nutanix in the 3rd quarter valued at about $998,601,000. Driehaus Capital Management LLC boosted its stake in Nutanix by 123.9% during the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company’s stock worth $81,593,000 after buying an additional 794,215 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares during the period. Marshall Wace LLP boosted its position in shares of Nutanix by 47.5% during the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock valued at $84,308,000 after acquiring an additional 477,838 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after purchasing an additional 374,328 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on NTNX. Wells Fargo & Company lifted their target price on shares of Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price objective on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Barclays raised their price objective on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Oppenheimer initiated coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target for the company. Finally, Needham & Company LLC increased their price objective on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the completion of the transaction, the chief financial officer now directly owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 81,771 shares of company stock valued at $5,387,045 over the last quarter. 6.80% of the stock is owned by company insiders.

Nutanix Stock Performance

Shares of NTNX stock opened at $62.17 on Wednesday. The firm has a fifty day moving average of $66.37 and a 200-day moving average of $60.13. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of -177.63, a P/E/G ratio of 10.34 and a beta of 1.16. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80.

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.