Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Natixis

Natixis cut its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,081 shares of the technology company's stock after selling 6,543 shares during the quarter. Natixis' holdings in Nutanix were worth $1,596,000 at the end of the most recent reporting period.

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

Nutanix Price Performance

Shares of NTNX traded up $1.42 during mid-day trading on Friday, reaching $67.16. The company's stock had a trading volume of 1,933,013 shares, compared to its average volume of 2,518,359. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99. The stock has a market cap of $17.91 billion, a PE ratio of -191.89, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The company's 50 day moving average is $67.82 and its 200 day moving average is $66.78.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group increased their price target on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Raymond James set a $83.00 price target on Nutanix in a research report on Thursday, February 27th. Oppenheimer boosted their price objective on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Piper Sandler lowered their target price on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $87.85.

Insider Buying and Selling at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the sale, the director now directly owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares in the company, valued at $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,610,592 shares of company stock worth $417,628,260 over the last three months. Insiders own 6.80% of the company's stock.

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.