Savant Capital LLC Reduces Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Savant Capital LLC lessened its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 45.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,723 shares of the technology company’s stock after selling 14,519 shares during the quarter. Savant Capital LLC’s holdings in Nutanix were worth $1,084,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC raised its position in Nutanix by 235.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock valued at $33,313,000 after purchasing an additional 382,232 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Nutanix during the 4th quarter worth about $1,544,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Nutanix by 5,473.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after purchasing an additional 470,717 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Nutanix by 73.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,679 shares of the technology company’s stock valued at $104,000 after buying an additional 711 shares during the period. Finally, Yousif Capital Management LLC acquired a new position in Nutanix in the fourth quarter valued at about $201,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTNX has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Northland Securities reiterated a “market perform” rating and issued a $77.00 target price (up previously from $74.00) on shares of Nutanix in a report on Wednesday, November 27th. StockNews.com upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Piper Sandler lifted their price objective on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, UBS Group assumed coverage on Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 target price on the stock. Three 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Nutanix Stock Down 0.5 %

Shares of Nutanix stock opened at $70.47 on Friday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The company has a market capitalization of $18.88 billion, a P/E ratio of -201.34, a P/E/G ratio of 11.60 and a beta of 1.17. The company has a 50 day moving average of $65.71 and a 200 day moving average of $62.46.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the transaction, the chief financial officer now directly owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 177,917 shares of company stock valued at $12,114,781. Insiders own 6.80% of the company’s stock.

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.