New York Life Investment Management LLC Decreases Position in Nutanix, Inc. (NASDAQ:NTNX)

New York Life Investment Management LLC decreased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,174 shares of the technology company’s stock after selling 837 shares during the quarter. New York Life Investment Management LLC’s holdings in Nutanix were worth $1,663,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after buying an additional 281 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares during the last quarter. Advisors Asset Management Inc. boosted 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 purchasing an additional 321 shares during the period. Principal Securities Inc. grew its holdings in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company’s stock worth $45,000 after purchasing an additional 623 shares during the period. Institutional investors own 85.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada increased their target price on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group boosted their target price on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Nutanix presently has an average rating of “Buy” and an average price target of $87.79.

Insider Activity

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of Nutanix stock in a transaction dated 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 transaction, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the transaction, the director now owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 177,917 shares of company stock worth $12,114,781. 6.80% of the stock is currently owned by company insiders.

Nutanix Stock Up 0.5 %

Shares of NASDAQ:NTNX opened at $76.89 on Monday. The firm has a 50 day moving average of $66.98 and a 200 day moving average of $64.38. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of -219.69, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.90.

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.