Avory & Company LLC Sells 43,330 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Avory & Company LLC trimmed its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 402,796 shares of the technology company’s stock after selling 43,330 shares during the period. Nutanix makes up about 13.4% of Avory & Company LLC’s investment portfolio, making the stock its 3rd biggest position. Avory & Company LLC’s holdings in Nutanix were worth $19,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sonen Capital LLC raised its position in Nutanix by 1.8% in the 3rd quarter. Sonen Capital LLC now owns 18,118 shares of the technology company’s stock worth $632,000 after purchasing an additional 324 shares during the last quarter. CWM LLC lifted its stake in shares of Nutanix by 7.8% during the third quarter. CWM LLC now owns 4,527 shares of the technology company’s stock valued at $158,000 after acquiring an additional 328 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Nutanix by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 100,887 shares of the technology company’s stock valued at $3,519,000 after acquiring an additional 510 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Nutanix in the 4th quarter valued at $30,000. Finally, Victory Capital Management Inc. increased its holdings in Nutanix by 2.8% in the third quarter. Victory Capital Management Inc. now owns 25,650 shares of the technology company’s stock valued at $895,000 after purchasing an additional 707 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Buying and Selling at Nutanix

In related news, CFO Rukmini Sivaraman sold 53,029 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the completion of the sale, the chief financial officer now directly owns 144,635 shares in the company, valued at approximately $9,368,008.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Nutanix news, CEO Rajiv Ramaswami sold 23,932 shares of Nutanix stock in a transaction on Monday, March 18th. The stock was sold at an average price of $63.05, for a total value of $1,508,912.60. Following the completion of the transaction, the chief executive officer now directly owns 373,024 shares of the company’s stock, valued at approximately $23,519,163.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares in the company, valued at $9,368,008.95. The disclosure for this sale can be found here. Insiders have sold a total of 129,506 shares of company stock valued at $8,270,938 in the last three months. 0.46% of the stock is currently owned by company insiders.

Nutanix Stock Performance

NTNX stock traded down $0.68 during trading hours on Tuesday, reaching $61.59. The stock had a trading volume of 769,432 shares, compared to its average volume of 2,670,931. The stock has a 50-day simple moving average of $62.26 and a 200 day simple moving average of $51.80. Nutanix, Inc. has a fifty-two week low of $23.80 and a fifty-two week high of $66.99.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $565.23 million during the quarter, compared to analyst estimates of $551.82 million. As a group, equities analysts predict that Nutanix, Inc. will post -0.04 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on NTNX shares. Susquehanna raised their price objective on Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Wednesday, April 10th. Needham & Company LLC raised their target price on shares of Nutanix from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Barclays boosted their price target on Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Bank of America increased their price objective on Nutanix from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada boosted their target price on Nutanix from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.17.

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.