Burney Co. Has $1.56 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Burney Co. boosted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 18.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,451 shares of the technology company’s stock after acquiring an additional 3,941 shares during the quarter. Burney Co.’s holdings in Nutanix were worth $1,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new position in shares of Nutanix during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC boosted its holdings in Nutanix by 122.7% during 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 last quarter. Itau Unibanco Holding S.A. bought a new position in Nutanix in the second quarter valued at $32,000. Advisors Asset Management Inc. increased its stake in Nutanix by 150.7% in the 3rd 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 during the last quarter. Finally, Versant Capital Management Inc lifted its position in Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after buying an additional 623 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Up 1.0 %

Shares of NASDAQ:NTNX opened at $66.55 on Friday. The stock has a market cap of $17.83 billion, a PE ratio of -190.14, a P/E/G ratio of 10.19 and a beta of 1.16. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $75.80. The business has a 50 day moving average of $66.29 and a 200-day moving average of $60.43.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Needham & Company LLC lifted their target price on Nutanix from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Oppenheimer started coverage on Nutanix in a research report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target on the stock. Northland Securities reissued a “market perform” rating and issued a $77.00 price objective (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. StockNews.com upgraded shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. 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 research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.47.

Insider Activity at Nutanix

In other news, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $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 82,065 shares of company stock worth $5,405,141 in the last ninety days. 6.80% of the stock is owned by company insiders.

About Nutanix

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.