Values First Advisors Inc. Sells 4,008 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Values First Advisors Inc. cut its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 47.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,458 shares of the technology company’s stock after selling 4,008 shares during the period. Values First Advisors Inc.’s holdings in Nutanix were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new stake in Nutanix in the third quarter worth approximately $27,000. Larson Financial Group LLC increased its stake in shares of Nutanix by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after acquiring an additional 281 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after acquiring an additional 321 shares during the period. Versant Capital Management Inc boosted its stake in Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in Nutanix in the fourth quarter worth $49,000. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Price Performance

NASDAQ:NTNX opened at $70.28 on Thursday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The stock has a fifty day moving average of $65.62 and a 200 day moving average of $62.34.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the transaction, the chief executive officer now owns 649,034 shares of the company’s stock, valued at $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction dated Tuesday, December 17th. The shares were 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 $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NTNX shares. Oppenheimer initiated coverage on shares of Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price objective on the stock. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 2nd. UBS Group initiated coverage on Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 price objective for the company. Barclays increased their target price on Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC upped their price objective on shares of Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.50.

Nutanix Company 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.