Clarity Wealth Advisors LLC Decreases Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Clarity Wealth Advisors LLC decreased its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,221 shares of the technology company’s stock after selling 500 shares during the period. Clarity Wealth Advisors LLC’s holdings in Nutanix were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. ORG Wealth Partners LLC purchased a new position in Nutanix in the 3rd quarter worth about $27,000. Larson Financial Group LLC raised its stake in Nutanix by 122.7% during the 3rd 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 during the last quarter. Advisors Asset Management Inc. increased its position in Nutanix by 150.7% during the third 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 last quarter. 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 worth $45,000 after purchasing an additional 623 shares during the last quarter. Finally, Berbice Capital Management LLC bought a new stake in shares of Nutanix during the 4th quarter valued at about $49,000. Institutional investors own 85.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NTNX. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 2nd. Northland Securities reissued a “market perform” rating and set a $77.00 price objective (up previously from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Oppenheimer assumed coverage on Nutanix in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 price objective for the company. Barclays lifted their target price on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Raymond James decreased their price objective on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Nutanix currently has an average rating of “Moderate Buy” and an average target price of $79.50.

Nutanix Stock Down 0.5 %

Shares of Nutanix stock opened at $70.53 on Friday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80. The business has a 50-day moving average price of $65.29 and a 200-day moving average price of $61.71. The firm has a market cap of $18.90 billion, a price-to-earnings ratio of -201.51, a PEG ratio of 11.26 and a beta of 1.17.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $66.63, for a total transaction of $786,900.30. Following the sale, the chief financial officer now directly owns 190,882 shares in the company, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 177,917 shares of company stock worth $12,114,781 in the last quarter. 6.80% of the stock is owned by corporate 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.