Kestra Investment Management LLC Has $483,000 Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Kestra Investment Management LLC raised its stake in Nutanix, Inc. (NASDAQ:NTNX) by 59.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,896 shares of the technology company’s stock after buying an additional 2,938 shares during the period. Kestra Investment Management LLC’s holdings in Nutanix were worth $483,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NTNX. Larson Financial Group LLC boosted its position in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares in the last quarter. Allworth Financial LP boosted its position in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after buying an additional 256 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Nutanix by 150.7% in the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after buying an additional 321 shares in the last quarter. Principal Securities Inc. boosted its position in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Nutanix by 587.7% in the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after buying an additional 623 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total value of $786,900.30. Following the completion of the sale, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of Nutanix 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 directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 177,917 shares of company stock valued at $12,114,781 over the last quarter. Insiders own 6.80% of the company’s stock.

Nutanix Stock Up 2.5 %

Shares of NASDAQ NTNX opened at $72.20 on Wednesday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80. The firm has a fifty day simple moving average of $65.87 and a 200 day simple moving average of $62.93. The company has a market capitalization of $19.34 billion, a PE ratio of -206.29, a P/E/G ratio of 11.60 and a beta of 1.17.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James cut their target price on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Piper Sandler raised their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company raised their price target on shares of Nutanix from $60.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Oppenheimer initiated coverage on shares of Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target for the company. Finally, Northland Securities reaffirmed a “market perform” rating and set a $77.00 price target (up previously 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, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.50.

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.