Nutanix, Inc. (NASDAQ:NTNX) is Champlain Investment Partners LLC's 5th Largest Position

Champlain Investment Partners LLC reduced its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,981,516 shares of the technology company's stock after selling 1,007,803 shares during the quarter. Nutanix comprises about 1.9% of Champlain Investment Partners LLC's portfolio, making the stock its 5th largest holding. Champlain Investment Partners LLC owned about 1.86% of Nutanix worth $304,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NTNX. Norges Bank acquired a new stake in shares of Nutanix during the fourth quarter worth $195,758,000. Pictet Asset Management Holding SA lifted its position in Nutanix by 6,785.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock worth $130,885,000 after acquiring an additional 2,108,269 shares during the period. Artisan Partners Limited Partnership purchased a new stake in Nutanix during the 4th quarter valued at about $91,639,000. Raymond James Financial Inc. acquired a new position in shares of Nutanix in the fourth quarter valued at about $86,824,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Nutanix by 5,473.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company's stock worth $29,325,000 after purchasing an additional 470,717 shares during the period. Hedge funds and other institutional investors own 85.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NTNX. Northland Capmk upgraded shares of Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Needham & Company LLC boosted their target price on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. 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. Finally, Piper Sandler reduced their price objective on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $87.85.

Nutanix Stock Up 3.0 %

Shares of Nutanix stock traded up $1.78 on Tuesday, reaching $60.32. The company's stock had a trading volume of 422,501 shares, compared to its average volume of 2,503,645. The company has a market capitalization of $16.08 billion, a P/E ratio of -172.33, a PEG ratio of 11.80 and a beta of 0.84. The stock has a 50-day moving average price of $68.38 and a 200-day moving average price of $66.77. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,610,592 shares of company stock valued at $417,628,260. 6.80% of the stock is owned by corporate 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.