Blueshift Asset Management LLC decreased its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 68.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,066 shares of the technology company's stock after selling 9,027 shares during the quarter. Blueshift Asset Management LLC's holdings in Nutanix were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in NTNX. Harbour Investments Inc. increased its holdings in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Nutanix by 122.7% during the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company's stock valued at $30,000 after buying an additional 281 shares during the last quarter. Allworth Financial LP increased its holdings in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after buying an additional 256 shares in the last quarter. Advisors Asset Management Inc. raised its position in Nutanix by 150.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company's stock worth $32,000 after buying an additional 321 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after acquiring an additional 199 shares during the period. Institutional investors own 85.25% of the company's stock.
Insider Buying and Selling at Nutanix
In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. The trade was a 1.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now directly owns 3,050 shares of the company's stock, valued at $232,288. This trade represents a 69.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,886 shares of company stock valued at $417,646,356 in the last three months. 6.80% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Piper Sandler lifted their target price on shares of Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Wells Fargo & Company boosted their target price on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Finally, Raymond James set a $83.00 price objective on Nutanix 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $87.79.
Check Out Our Latest Stock Analysis on NTNX
Nutanix Price Performance
Shares of NASDAQ NTNX traded down $1.64 during mid-day trading on Wednesday, reaching $73.28. The company's stock had a trading volume of 2,483,355 shares, compared to its average volume of 2,429,909. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The stock has a fifty day moving average of $70.01 and a two-hundred day moving average of $66.17. The firm has a market capitalization of $19.54 billion, a PE ratio of -209.37, a P/E/G ratio of 11.80 and a beta of 1.04.
About Nutanix
(
Free Report)
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.
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