Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Groupama Asset Managment

Groupama Asset Managment trimmed its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 700,000 shares of the technology company's stock after selling 7,000 shares during the period. Groupama Asset Managment owned about 0.26% of Nutanix worth $42,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its stake in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after acquiring an additional 146 shares in the last quarter. Freedom Investment Management Inc. grew its holdings in Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company's stock worth $230,000 after purchasing an additional 151 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after purchasing an additional 188 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of 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 purchasing an additional 199 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Nutanix by 5.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock worth $282,000 after purchasing an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

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Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Royal Bank of Canada upped their target price on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Piper Sandler lifted their price objective on shares of Nutanix from $83.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. One 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's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $87.79.

Nutanix Trading Down 9.7 %

Shares of Nutanix stock traded down $6.28 during trading hours on Friday, reaching $58.50. The stock had a trading volume of 4,450,783 shares, compared to its average volume of 2,489,955. The stock's 50 day moving average is $70.53 and its 200 day moving average is $66.64. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The firm has a market capitalization of $15.60 billion, a PE ratio of -167.14, a PEG ratio of 11.80 and a beta of 1.04.

Insider Buying and Selling

In related news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares of the company's stock, valued at $41,877,450. This represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is owned by company insiders.

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.