Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. decreased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 11.6% during the third quarter, HoldingsChannel reports. The firm owned 3,392 shares of the technology company’s stock after selling 447 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Nutanix were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Nutanix in the 2nd quarter valued at $290,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Nutanix in the second quarter valued at about $279,000. &PARTNERS purchased a new position in shares of Nutanix in the second quarter worth about $545,000. Bank of New York Mellon Corp lifted its holdings in shares of Nutanix by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 873,685 shares of the technology company’s stock worth $49,669,000 after purchasing an additional 31,302 shares during the period. Finally, Liontrust Investment Partners LLP boosted its position in Nutanix by 100.0% in the second quarter. Liontrust Investment Partners LLP now owns 40,000 shares of the technology company’s stock valued at $2,274,000 after buying an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Upgrades and Downgrades

NTNX has been the subject of several research reports. Oppenheimer began coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective for the company. Needham & Company LLC upped their price target on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Bank of America lifted their price objective on Nutanix from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays upped their target price on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Raymond James raised their target price on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.47.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the transaction, the chief financial officer now owns 190,882 shares in the company, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by insiders.

Nutanix Stock Down 0.2 %

Shares of NASDAQ NTNX opened at $66.14 on Wednesday. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of -188.97, a price-to-earnings-growth ratio of 10.34 and a beta of 1.13. The company’s 50-day simple moving average is $66.44 and its 200-day simple moving average is $59.10. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80.

Nutanix Company Profile

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.