Inspire Investing LLC Sells 15,623 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Inspire Investing LLC trimmed its position in Nutanix, Inc. (NASDAQ:NTNX) by 35.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,983 shares of the technology company’s stock after selling 15,623 shares during the quarter. Inspire Investing LLC’s holdings in Nutanix were worth $1,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTNX. ORG Wealth Partners LLC bought a new position in shares of Nutanix during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC raised its position in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after buying an additional 321 shares during the last quarter. Versant Capital Management Inc lifted its position in Nutanix by 587.7% during the fourth quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after acquiring an additional 623 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Nutanix by 57.8% during the third quarter. Signaturefd LLC now owns 956 shares of the technology company’s stock worth $57,000 after acquiring an additional 350 shares during the period. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NTNX opened at $66.44 on Thursday. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80. The business’s 50 day moving average price is $65.73 and its two-hundred day moving average price is $60.66. The firm has a market cap of $17.80 billion, a PE ratio of -189.83, a price-to-earnings-growth ratio of 10.71 and a beta of 1.16.

Analyst Upgrades and Downgrades

NTNX has been the subject of several research reports. Oppenheimer started coverage on Nutanix in a report on Wednesday, November 13th. They set an “outperform” rating and a $80.00 price target for the company. Needham & Company LLC lifted their target price on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Raymond James decreased their price target on shares of Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. UBS Group began 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. Finally, StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.87.

Insider Activity at Nutanix

In related news, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 63,901 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,065 shares of company stock valued at $5,405,141. 6.80% of the stock is owned by company insiders.

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.