Silvercrest Asset Management Group LLC Sells 686 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Silvercrest Asset Management Group LLC lowered its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 7.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,124 shares of the technology company’s stock after selling 686 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Nutanix were worth $558,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Nutanix by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock worth $88,271,000 after buying an additional 33,980 shares during the period. CIBC Asset Management Inc increased its position in shares of Nutanix by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock worth $453,000 after buying an additional 375 shares during the period. Pacer Advisors Inc. increased its position in shares of Nutanix by 1,555.9% during the fourth quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company’s stock worth $4,540,000 after buying an additional 69,722 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Nutanix during the fourth quarter worth $299,000. Finally, Sanctuary Advisors LLC increased its position in shares of Nutanix by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company’s stock worth $593,000 after buying an additional 325 shares during the period. Institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. This trade represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 61,057 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the completion of the transaction, the chief executive officer now directly owns 497,309 shares in the company, valued at $39,287,411. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,575,797 shares of company stock valued at $415,742,123. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Piper Sandler decreased their price objective on shares of Nutanix from $88.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Raymond James cut shares of Nutanix from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Royal Bank of Canada raised their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.23.

Nutanix Trading Down 2.0%

Nutanix stock opened at $81.42 on Wednesday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.36. The firm has a market capitalization of $21.71 billion, a price-to-earnings ratio of -232.63, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The firm’s fifty day moving average price is $69.32 and its two-hundred day moving average price is $68.26.

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.