Dynamic Technology Lab Private Ltd Sells 67,722 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 80.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,056 shares of the technology company's stock after selling 67,722 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Nutanix were worth $982,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NTNX. Larson Financial Group LLC lifted its position 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 valued at $40,000 after acquiring an additional 146 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after acquiring an additional 188 shares during the period. Principal Securities Inc. boosted its position in shares of Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after acquiring an additional 199 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Nutanix by 5.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock valued at $282,000 after acquiring an additional 249 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in 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 purchasing an additional 256 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

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Insiders Place Their Bets

In other news, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction dated Monday, March 24th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction dated 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 $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,610,886 shares of company stock worth $417,646,356. Corporate insiders own 6.80% of the company's stock.

Nutanix Price Performance

Shares of Nutanix stock traded down $2.00 on Friday, hitting $60.04. 643,020 shares of the company's stock traded hands, compared to its average volume of 2,504,806. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of -171.73, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The company has a fifty day moving average of $69.81 and a two-hundred day moving average of $66.66. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays set a $94.00 price objective on Nutanix and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Oppenheimer raised 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. StockNews.com cut Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on shares of Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, Needham & Company LLC raised their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently 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.