Canada Pension Plan Investment Board Sells 45,800 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Canada Pension Plan Investment Board lowered its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,400 shares of the technology company's stock after selling 45,800 shares during the quarter. Canada Pension Plan Investment Board owned about 0.12% of Nutanix worth $20,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. raised its stake in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares in the last quarter. Allworth Financial LP grew its stake in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after buying an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nutanix in the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC boosted its position in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction 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 represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610,592 shares of company stock valued at $417,628,260. Insiders own 6.80% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on NTNX. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. Royal Bank of Canada raised their price target on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Piper Sandler reduced their target price on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Finally, Wells Fargo & Company raised their price target on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Nutanix presently has a consensus rating of "Buy" and an average price target of $87.85.

Nutanix Stock Up 5.9 %

Shares of Nutanix stock traded up $3.54 during trading hours on Wednesday, hitting $63.32. 2,455,943 shares of the company's stock traded hands, compared to its average volume of 2,511,463. The stock has a 50 day simple moving average of $68.16 and a 200-day simple moving average of $66.72. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The company has a market cap of $16.89 billion, a PE ratio of -180.92, a PEG ratio of 11.80 and a beta of 0.84.

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.