Massachusetts Financial Services Co. MA Sells 96,559 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Massachusetts Financial Services Co. MA lessened its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 51.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,465 shares of the technology company's stock after selling 96,559 shares during the period. Massachusetts Financial Services Co. MA's holdings in Nutanix were worth $5,596,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Harbour Investments Inc. grew its holdings in shares of Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP grew its stake in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after buying an additional 256 shares during the last quarter. Principal Securities Inc. grew 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 worth $35,000 after buying an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nutanix during the fourth quarter worth $40,000. Finally, Larson Financial Group LLC lifted its stake in shares of Nutanix by 28.6% in 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 during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

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Insider Activity

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction 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 sale, the director now directly owns 3,050 shares of the company's stock, valued at approximately $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the 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 position. The disclosure for this sale can be found here. Insiders have sold 5,610,886 shares of company stock valued at $417,646,356 in the last ninety days. 6.80% of the stock is owned by company insiders.

Nutanix Stock Down 4.4 %

NTNX traded down $2.74 during trading on Friday, reaching $59.30. 4,399,701 shares of the stock traded hands, compared to its average volume of 2,510,680. The stock's 50-day moving average is $69.57 and its 200 day moving average is $66.64. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The stock has a market capitalization of $15.81 billion, a PE ratio of -169.43, a P/E/G ratio of 11.80 and a beta of 0.84.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada boosted their price objective on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Oppenheimer upped their price objective on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Needham & Company LLC lifted their target price on shares of Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Piper Sandler decreased their price target on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $87.85.

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.