Connor Clark & Lunn Investment Management Ltd. lowered its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 828,221 shares of the technology company's stock after selling 215,280 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.31% of Nutanix worth $50,671,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Rakuten Securities Inc. lifted its position in shares of Nutanix by 3,544.0% in the fourth quarter. Rakuten Securities Inc. now owns 911 shares of the technology company's stock worth $56,000 after buying an additional 886 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Nutanix by 3.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after acquiring an additional 188 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Nutanix by 112.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 95,924 shares of the technology company's stock worth $5,869,000 after acquiring an additional 50,724 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Nutanix by 408.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,226 shares of the technology company's stock valued at $75,000 after acquiring an additional 985 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Nutanix in the 4th quarter worth $234,000. Hedge funds and other institutional investors own 85.25% of the company's stock.
Nutanix Price Performance
NASDAQ NTNX traded up $2.43 during midday trading on Friday, hitting $69.15. 2,185,250 shares of the company traded hands, compared to its average volume of 2,452,258. The company has a market cap of $18.53 billion, a PE ratio of -197.47, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The company's 50-day simple moving average is $68.46 and its 200-day simple moving average is $65.37.
Insider Activity at Nutanix
In other news, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares in the company, valued at approximately $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 63,901 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the transaction, the chief executive officer now owns 649,034 shares of the company's stock, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,684,917 shares of company stock valued at $422,452,901 in the last ninety days. Corporate insiders own 6.80% of the company's stock.
Wall Street Analyst Weigh In
NTNX has been the subject of a number of recent research reports. Needham & Company LLC lifted their target price on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Morgan Stanley lifted their price objective 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. Wells Fargo & Company increased 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. Piper Sandler raised their target price on shares of Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, UBS Group upped their price target on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $87.79.
Read Our Latest Research Report on Nutanix
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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