Coldstream Capital Management Inc. Sells 447 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Coldstream Capital Management Inc. trimmed its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,392 shares of the technology company’s stock after selling 447 shares during the period. Coldstream Capital Management Inc.’s holdings in Nutanix were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versor Investments LP increased its stake in Nutanix by 211.7% during the third quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock worth $1,976,000 after acquiring an additional 22,652 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Nutanix by 47.5% in the 2nd quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company’s stock worth $84,308,000 after purchasing an additional 477,838 shares during the period. Atreides Management LP bought a new position in shares of Nutanix during the 3rd quarter valued at approximately $8,290,000. Resolute Capital Asset Partners LLC purchased a new stake in Nutanix during the 2nd quarter valued at $2,274,000. Finally, Two Sigma Advisers LP lifted its position in Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after buying an additional 695,567 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Insider Activity

In other Nutanix news, CFO Rukmini Sivaraman sold 11,810 shares of Nutanix stock in a transaction on Tuesday, December 17th. The shares were 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. The trade was a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 649,034 shares in the company, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

NTNX has been the topic of several recent analyst reports. Morgan Stanley increased their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday. StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. Raymond James upped their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Royal Bank of Canada raised their price target on Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Barclays upped their price objective on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.47.

Nutanix Stock Down 0.2 %

Shares of NTNX stock opened at $66.14 on Wednesday. The company’s 50 day moving average is $66.44 and its 200 day moving average is $59.10. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of -188.97, a PEG ratio of 10.34 and a beta of 1.13. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $75.80.

Nutanix Company Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.