Venturi Wealth Management LLC Boosts Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Venturi Wealth Management LLC boosted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 97.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,591 shares of the technology company’s stock after acquiring an additional 785 shares during the period. Venturi Wealth Management LLC’s holdings in Nutanix were worth $97,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTNX. Bain Capital Investors LLC bought a new stake in shares of Nutanix in the 3rd quarter worth approximately $998,601,000. Champlain Investment Partners LLC increased its position in Nutanix by 3.7% in the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock worth $354,867,000 after buying an additional 215,363 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Nutanix by 0.5% in the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after buying an additional 22,091 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock valued at $166,886,000 after buying an additional 374,328 shares during the period. Finally, Two Sigma Advisers LP grew its stake in shares of Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after acquiring an additional 695,567 shares during the period. 85.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of the company’s 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 transaction, the chief financial officer now owns 190,882 shares in the company, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction that occurred 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 owns 649,034 shares in the company, valued at $42,738,888.90. This represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 177,917 shares of company stock valued at $12,114,781 over the last quarter. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Northland Securities reaffirmed a “market perform” rating and set a $77.00 price objective (up from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. Oppenheimer started 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. UBS Group initiated coverage on shares of Nutanix in a research note on Thursday, December 12th. They issued a “buy” rating and a $81.00 price objective for the company. Morgan Stanley increased their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday. Three equities 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, Nutanix presently has an average rating of “Moderate Buy” and an average price target of $79.50.

Nutanix Price Performance

NASDAQ NTNX opened at $69.74 on Monday. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $75.80. The stock has a market capitalization of $18.69 billion, a PE ratio of -199.26, a PEG ratio of 11.80 and a beta of 1.17. The business’s 50-day moving average is $66.31 and its 200 day moving average is $63.51.

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.