Silvercrest Asset Management Group LLC Has $558,000 Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Silvercrest Asset Management Group LLC lowered its stake in Nutanix, Inc. (NASDAQ:NTNX) by 7.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,124 shares of the technology company’s stock after selling 686 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Nutanix were worth $558,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NTNX. Norges Bank acquired a new position in Nutanix in the 4th quarter valued at about $195,758,000. Pictet Asset Management Holding SA grew its stake in Nutanix by 6,785.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company’s stock valued at $130,885,000 after buying an additional 2,108,269 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Nutanix in the 4th quarter valued at about $91,639,000. Contour Asset Management LLC acquired a new position in Nutanix in the 4th quarter valued at about $87,318,000. Finally, Raymond James Financial Inc. acquired a new position in Nutanix in the 4th quarter valued at about $86,824,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. Wells Fargo & Company increased their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Oppenheimer increased their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Raymond James lowered shares of Nutanix from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.23.

Nutanix Trading Down 2.0%

Shares of Nutanix stock opened at $81.42 on Wednesday. The company has a 50 day moving average of $69.32 and a 200-day moving average of $68.26. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.36. The company has a market cap of $21.71 billion, a PE ratio of -232.63, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70.

Insider Transactions at Nutanix

In related news, CEO Rajiv Ramaswami sold 61,057 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the transaction, the chief executive officer now owns 497,309 shares of the company’s stock, valued at $39,287,411. This represents a 10.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now directly owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. The trade was a 32.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,575,797 shares of company stock valued at $415,742,123. Company insiders own 6.80% of the company’s stock.

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.