Stifel Financial Corp Sells 4,155 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Stifel Financial Corp lessened its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 21.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,568 shares of the technology company’s stock after selling 4,155 shares during the period. Stifel Financial Corp’s holdings in Nutanix were worth $922,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Bain Capital Investors LLC purchased a new stake in shares of Nutanix in the third quarter worth about $998,601,000. Champlain Investment Partners LLC increased its stake in Nutanix by 3.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock worth $354,867,000 after acquiring an additional 215,363 shares during the last quarter. Renaissance Technologies LLC increased its stake in Nutanix by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company’s stock worth $212,548,000 after acquiring an additional 256,156 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Nutanix by 15.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after acquiring an additional 374,328 shares in the last quarter. Finally, 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. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Nutanix Trading Down 0.8 %

NASDAQ:NTNX opened at $64.57 on Tuesday. The stock has a fifty day simple moving average of $66.44 and a 200-day simple moving average of $59.32. The company has a market cap of $17.30 billion, a price-to-earnings ratio of -184.49, a price-to-earnings-growth ratio of 10.34 and a beta of 1.13. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80.

Insider Activity at Nutanix

In other 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 transaction, the chief financial officer now owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the director now owns 45,330 shares in the company, 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. Insiders sold 81,771 shares of company stock worth $5,387,045 in the last 90 days. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NTNX has been the topic of a number of recent research reports. StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. Needham & Company LLC upped their target price 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. Oppenheimer initiated coverage on Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $77.00 price objective (up from $74.00) on shares of Nutanix in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

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.