Silverberg Bernstein Capital Management LLC Reduces Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Silverberg Bernstein Capital Management LLC decreased its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 16.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,855 shares of the technology company’s stock after selling 4,545 shares during the period. Nutanix makes up about 1.2% of Silverberg Bernstein Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Silverberg Bernstein Capital Management LLC’s holdings in Nutanix were worth $1,398,000 at the end of the most recent reporting period.

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

Nutanix Stock Up 1.4 %

Nutanix stock opened at $63.94 on Wednesday. The stock has a 50-day moving average price of $66.31 and a 200 day moving average price of $60.40. The company has a market capitalization of $17.13 billion, a price-to-earnings ratio of -182.69, a price-to-earnings-growth ratio of 10.34 and a beta of 1.16. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $75.80.

Analysts Set New Price Targets

A number of equities analysts have commented on NTNX shares. Barclays upped their target price on shares of Nutanix from $75.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their price target on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. StockNews.com raised shares of Nutanix from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 28th. UBS Group started coverage on Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 target price for the company. Finally, Northland Securities reissued a “market perform” rating and issued a $77.00 price target (up from $74.00) on shares of Nutanix in a research report on Wednesday, November 27th. Three 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.47.

Insider Buying and Selling at Nutanix

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 transaction of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares in the company, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Virginia Gambale sold 6,060 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This trade represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,771 shares of company stock worth $5,387,045. Company insiders own 6.80% of the company’s stock.

Nutanix 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.