Berbice Capital Management LLC Buys Shares of 800 Nutanix, Inc. (NASDAQ:NTNX)

Berbice Capital Management LLC bought a new stake in Nutanix, Inc. (NASDAQ:NTNX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 800 shares of the technology company’s stock, valued at approximately $49,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Freedom Investment Management Inc. boosted its position in shares of Nutanix by 4.0% during the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock worth $230,000 after buying an additional 151 shares during the period. CIBC Asset Management Inc boosted its position in shares of Nutanix by 3.4% during the third quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after buying an additional 233 shares during the period. Paragon Capital Management Inc. lifted its position in Nutanix by 1.0% in the third quarter. Paragon Capital Management Inc. now owns 26,082 shares of the technology company’s stock worth $1,545,000 after purchasing an additional 258 shares during the period. Larson Financial Group LLC lifted 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 worth $30,000 after purchasing an additional 281 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of 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. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction on 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 sale, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 owns 45,330 shares in the company, valued at $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,065 shares of company stock worth $5,405,141. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Piper Sandler upped their price target on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. UBS Group initiated coverage on shares of Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 target price on the stock. Needham & Company LLC boosted their target price on shares of Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Oppenheimer assumed coverage on shares of Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.87.

Nutanix Stock Performance

Shares of NTNX stock opened at $65.57 on Friday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The stock has a market cap of $17.57 billion, a PE ratio of -186.51, a PEG ratio of 10.88 and a beta of 1.16. The firm’s 50 day moving average price is $65.73 and its two-hundred day moving average price is $60.66.

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.