Everence Capital Management Inc. Buys Shares of 7,370 Nutanix, Inc. (NASDAQ:NTNX)

Everence Capital Management Inc. purchased a new position in Nutanix, Inc. (NASDAQ:NTNX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,370 shares of the technology company’s stock, valued at approximately $451,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Nutanix by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 1,691 shares of the technology company’s stock worth $103,000 after purchasing an additional 332 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Nutanix by 587.7% during the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock valued at $45,000 after buying an additional 623 shares in the last quarter. Tidal Investments LLC boosted its position in Nutanix by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 22,297 shares of the technology company’s stock valued at $1,321,000 after buying an additional 862 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Nutanix in the 3rd quarter worth about $111,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Nutanix during the third quarter worth approximately $555,000. 85.25% of the stock is owned by institutional investors.

Nutanix Trading Up 2.3 %

NASDAQ:NTNX opened at $62.68 on Monday. The firm has a fifty day simple moving average of $66.42 and a 200-day simple moving average of $59.94. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $75.80. The company has a market capitalization of $16.79 billion, a P/E ratio of -179.09, a PEG ratio of 10.34 and a beta of 1.16.

Analyst Ratings Changes

NTNX has been the topic of several research analyst reports. StockNews.com raised Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. UBS Group assumed coverage on Nutanix in a research note on Thursday, December 12th. They set a “buy” rating and a $81.00 price target on the stock. Morgan Stanley increased their target price on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler boosted their price target on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Barclays increased their price objective on shares of Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nutanix currently has a consensus rating of “Moderate Buy” and an average target price of $79.47.

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was 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 sale 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 firm’s stock in a transaction 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 directly owns 190,882 shares of the company’s stock, valued at approximately $12,718,467.66. This trade represents a 5.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,771 shares of company stock valued at $5,387,045. 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.