Hussman Strategic Advisors Inc. Decreases Position in Nutanix, Inc. (NASDAQ:NTNX)

Hussman Strategic Advisors Inc. reduced its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 83.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,000 shares of the technology company’s stock after selling 105,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Nutanix were worth $1,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sonen Capital LLC raised its stake in shares of Nutanix by 1.8% during the third quarter. Sonen Capital LLC now owns 18,118 shares of the technology company’s stock valued at $632,000 after purchasing an additional 324 shares during the period. CWM LLC increased its stake in Nutanix by 7.8% during the 3rd quarter. CWM LLC now owns 4,527 shares of the technology company’s stock worth $158,000 after buying an additional 328 shares during the period. MetLife Investment Management LLC increased its stake in Nutanix by 5.3% during the 4th quarter. MetLife Investment Management LLC now owns 9,506 shares of the technology company’s stock worth $248,000 after buying an additional 477 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Nutanix by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 100,887 shares of the technology company’s stock worth $3,519,000 after buying an additional 510 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Nutanix by 3.2% in the 4th quarter. Wells Fargo & Company MN now owns 18,307 shares of the technology company’s stock valued at $477,000 after buying an additional 560 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares in the company, valued at approximately $9,368,008.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Nutanix news, Director Steven J. Gomo sold 25,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $64.11, for a total value of $1,602,750.00. Following the completion of the transaction, the director now owns 3,962 shares in the company, valued at approximately $254,003.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Rukmini Sivaraman sold 53,029 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the completion of the sale, the chief financial officer now owns 144,635 shares in the company, valued at approximately $9,368,008.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,506 shares of company stock valued at $8,270,938. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler lifted their target price on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Barclays lifted their price objective on Nutanix from $49.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Morgan Stanley upped their target price on Nutanix from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. raised their price target on shares of Nutanix from $54.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Finally, Susquehanna lifted their price target on shares of Nutanix from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.17.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $59.00 on Monday. The company’s fifty day moving average is $61.84 and its two-hundred day moving average is $50.78. Nutanix, Inc. has a 1-year low of $23.34 and a 1-year high of $66.99.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The business had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. Equities analysts predict that Nutanix, Inc. will post -0.04 earnings per share for the current fiscal year.

About Nutanix

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.