Silverberg Bernstein Capital Management LLC Makes New Investment in Nutanix, Inc. (NASDAQ:NTNX)

Silverberg Bernstein Capital Management LLC acquired a new position in shares of Nutanix, Inc. (NASDAQ:NTNX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,650 shares of the technology company’s stock, valued at approximately $1,557,000. Nutanix makes up approximately 1.5% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 16th largest position.

Other large investors have also recently bought and sold shares of the company. BluePath Capital Management LLC bought a new position in shares of Nutanix in the third quarter worth about $31,000. Point72 Hong Kong Ltd bought a new position in shares of Nutanix in the first quarter worth about $35,000. BOK Financial Private Wealth Inc. bought a new position in shares of Nutanix in the third quarter worth about $42,000. International Assets Investment Management LLC acquired a new stake in Nutanix during the 3rd quarter worth approximately $46,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Nutanix during the 4th quarter worth approximately $47,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Stock Performance

NTNX opened at $63.72 on Wednesday. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of -177.00 and a beta of 1.29. The company has a fifty day moving average of $59.28 and a 200 day moving average of $47.08. Nutanix, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $66.99.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The business had revenue of $565.23 million during the quarter, compared to analysts’ expectations of $551.82 million. On average, equities research analysts forecast that Nutanix, Inc. will post -0.07 earnings per share for the current year.

Insider Activity at Nutanix

In related news, COO David Sangster sold 12,545 shares of Nutanix stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $63.04, for a total transaction of $790,836.80. Following the completion of the sale, the chief operating officer now owns 70,192 shares in the company, valued at approximately $4,424,903.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Tyler Wall sold 15,000 shares of Nutanix stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $62.25, for a total value of $933,750.00. Following the transaction, the insider now owns 13,168 shares of the company’s stock, valued at approximately $819,708. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO David Sangster sold 12,545 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $63.04, for a total transaction of $790,836.80. Following the sale, the chief operating officer now directly owns 70,192 shares in the company, valued at approximately $4,424,903.68. The disclosure for this sale can be found here. Insiders sold 76,477 shares of company stock worth $4,836,249 in the last 90 days. 0.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NTNX shares. Needham & Company LLC boosted their price target on shares of Nutanix from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Wells Fargo & Company boosted their price target on shares of Nutanix from $35.00 to $42.00 and gave the company an “equal weight” rating in a research note on Thursday, November 30th. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 12th. Barclays upped their price objective on shares of Nutanix from $49.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Bank of America increased their price target on shares of Nutanix from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $63.92.

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.