Nutanix, Inc. (NASDAQ:NTNX) Stake Reduced by Bessemer Group Inc.

Bessemer Group Inc. lowered its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,471 shares of the technology company's stock after selling 4,839 shares during the quarter. Bessemer Group Inc.'s holdings in Nutanix were worth $1,743,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in 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 in the last quarter. CIBC Asset Management Inc increased its holdings in Nutanix by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock valued at $453,000 after acquiring an additional 375 shares in the last quarter. Pacer Advisors Inc. raised its position in 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 acquiring an additional 69,722 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Nutanix in the fourth quarter valued at about $299,000. Finally, Sanctuary Advisors LLC lifted its stake in Nutanix by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock valued at $593,000 after buying an additional 325 shares in the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now owns 3,050 shares in the company, valued at $232,288. This represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now owns 540,463 shares of the company's stock, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,592 shares of company stock valued at $417,628,260 over the last ninety days. Corporate insiders own 6.80% of the company's stock.

Nutanix Stock Down 0.4 %

Shares of NTNX traded down $0.24 during trading on Friday, reaching $61.63. The company's stock had a trading volume of 1,051,856 shares, compared to its average volume of 2,515,763. The company has a market cap of $16.43 billion, a price-to-earnings ratio of -176.09, a P/E/G ratio of 11.80 and a beta of 0.84. The company has a fifty day moving average of $68.62 and a two-hundred day moving average of $66.68. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Raymond James set a $83.00 target price on shares of Nutanix in a research report on Thursday, February 27th. Barclays set a $94.00 price target on shares of Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price target on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. UBS Group lifted their price objective on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Piper Sandler decreased their target price on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $87.85.

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.