Great Lakes Advisors LLC Reduces Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Great Lakes Advisors LLC decreased its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,823 shares of the technology company's stock after selling 4,831 shares during the period. Great Lakes Advisors LLC owned approximately 0.06% of Nutanix worth $9,839,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $88,271,000 after purchasing an additional 33,980 shares in the last quarter. Atreides Management LP purchased a new position in shares of Nutanix during the third quarter valued at about $8,290,000. CIBC Asset Management Inc grew its position in shares of Nutanix by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock valued at $453,000 after purchasing an additional 375 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock valued at $166,730,000 after purchasing an additional 695,567 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its position in shares of Nutanix by 10.2% during the third quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company's stock valued at $80,287,000 after purchasing an additional 125,657 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

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Analyst Ratings Changes

Several research analysts recently commented on NTNX shares. Oppenheimer lifted their price target on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Piper Sandler lifted their price target on Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Needham & Company LLC lifted their price target on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Raymond James set a $83.00 price target on Nutanix in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Nutanix currently has a consensus rating of "Buy" and an average target price of $87.79.

Insider Activity

In related news, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the transaction, the director now owns 3,050 shares of the company's stock, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction 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 $2,934,210.90. This trade represents a 11.79 % decrease in their position. 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. Corporate insiders own 6.80% of the company's stock.

Nutanix Trading Up 4.1 %

Shares of Nutanix stock traded up $2.75 on Friday, hitting $69.47. 2,952,872 shares of the company traded hands, compared to its average volume of 2,449,404. The stock's 50 day moving average price is $68.59 and its 200-day moving average price is $65.57. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The company has a market cap of $18.61 billion, a PE ratio of -198.49, a PEG ratio of 11.80 and a beta of 1.04.

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.