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

Kestra Investment Management LLC increased its position in Nutanix, Inc. (NASDAQ:NTNX) by 59.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,896 shares of the technology company’s stock after purchasing an additional 2,938 shares during the quarter. Kestra Investment Management LLC’s holdings in Nutanix were worth $483,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versor Investments LP raised its holdings in shares of Nutanix by 211.7% in the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock valued at $1,976,000 after purchasing an additional 22,652 shares during the period. Atreides Management LP bought a new stake in shares of Nutanix in the 3rd quarter valued at about $8,290,000. Two Sigma Advisers LP raised its holdings in shares of Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after purchasing an additional 695,567 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Nutanix by 101.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company’s stock valued at $2,486,000 after purchasing an additional 21,086 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in shares of Nutanix by 10.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock valued at $80,287,000 after purchasing an additional 125,657 shares during the period. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Up 2.5 %

Shares of NTNX opened at $72.20 on Wednesday. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80. The firm’s 50 day moving average is $65.87 and its 200-day moving average is $62.93. The stock 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. UBS Group started coverage on shares of Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 price target on the stock. Raymond James lowered their price target on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 13th. Finally, Piper Sandler increased their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Transactions at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction that occurred 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 sale, the director now owns 45,330 shares in the company, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rukmini Sivaraman sold 11,810 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the sale, the chief financial officer now owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 177,917 shares of company stock valued at $12,114,781. 6.80% of the stock is currently owned by company insiders.

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.