Oak Thistle LLC Sells 9,106 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Oak Thistle LLC trimmed its position in Nutanix, Inc. (NASDAQ:NTNX) by 36.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,007 shares of the technology company’s stock after selling 9,106 shares during the quarter. Oak Thistle LLC’s holdings in Nutanix were worth $979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC boosted its stake in Nutanix by 41.8% in the fourth quarter. Accurate Wealth Management LLC now owns 18,562 shares of the technology company’s stock valued at $1,155,000 after acquiring an additional 5,473 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Nutanix by 2.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 13,432 shares of the technology company’s stock worth $822,000 after purchasing an additional 384 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Nutanix by 1.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,257 shares of the technology company’s stock worth $1,259,000 after purchasing an additional 329 shares during the last quarter. Doliver Advisors LP grew its stake in shares of Nutanix by 17.9% during the fourth quarter. Doliver Advisors LP now owns 6,820 shares of the technology company’s stock worth $417,000 after purchasing an additional 1,033 shares during the period. Finally, CWA Asset Management Group LLC increased its holdings in Nutanix by 30.7% in the fourth quarter. CWA Asset Management Group LLC now owns 23,283 shares of the technology company’s stock valued at $1,424,000 after purchasing an additional 5,475 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Transactions at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction dated 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 transaction, the director now directly owns 45,330 shares in the company, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares of the company’s stock, valued at $42,738,888.90. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,065 shares of company stock valued at $5,405,141 in the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Nutanix Stock Performance

Shares of Nutanix stock opened at $65.86 on Thursday. The firm has a market cap of $17.65 billion, a PE ratio of -188.17, a P/E/G ratio of 10.34 and a beta of 1.16. The business’s 50 day simple moving average is $66.31 and its 200 day simple moving average is $60.40. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group started coverage on Nutanix in a research report on Thursday, December 12th. They set a “buy” rating and a $81.00 target price for the company. Morgan Stanley boosted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler increased their target price on shares of Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC boosted 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. Finally, Oppenheimer assumed coverage on shares of Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective for the company. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average 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.