Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,074,813 shares of the technology company's stock after selling 215,798 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.40% of Nutanix worth $65,757,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NTNX. IFP Advisors Inc lifted its holdings in Nutanix by 60.7% in the 4th quarter. IFP Advisors Inc now owns 55,842 shares of the technology company's stock worth $3,416,000 after purchasing an additional 21,089 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Nutanix during the fourth quarter valued at approximately $4,154,000. Navellier & Associates Inc. lifted its holdings in shares of Nutanix by 3.4% in the fourth quarter. Navellier & Associates Inc. now owns 80,439 shares of the technology company's stock worth $4,921,000 after buying an additional 2,682 shares in the last quarter. Peregrine Asset Advisers Inc. boosted its position in shares of Nutanix by 105.5% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 63,383 shares of the technology company's stock worth $3,878,000 after acquiring an additional 32,540 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its position in shares of Nutanix by 79.2% during the fourth quarter. Arcadia Investment Management Corp MI now owns 6,450 shares of the technology company's stock worth $395,000 after acquiring an additional 2,850 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

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Nutanix Trading Down 1.5 %

NASDAQ NTNX traded down $1.09 on Friday, reaching $70.27. 1,519,343 shares of the company were exchanged, compared to its average volume of 2,446,938. The business's fifty day moving average price is $67.90 and its 200 day moving average price is $64.87. The stock has a market capitalization of $18.83 billion, a P/E ratio of -200.82, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

Analyst Upgrades and Downgrades

Several analysts have commented on NTNX shares. Northland Capmk upgraded shares of Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Piper Sandler boosted their target price on Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Needham & Company LLC raised their price target on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada lifted their price objective on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Buy" and a consensus price target of $87.79.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now owns 3,050 shares of the company's stock, valued at approximately $232,288. This represents a 69.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of Nutanix 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 represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,684,917 shares of company stock valued at $422,452,901. 6.80% of the stock is owned by company insiders.

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.