Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 16.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 419,246 shares of the technology company's stock after selling 84,563 shares during the quarter. Neuberger Berman Group LLC owned 0.16% of Nutanix worth $25,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTNX. Harbour Investments Inc. lifted its stake 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 purchasing an additional 418 shares in the last quarter. Allworth Financial LP lifted its position 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 purchasing an additional 256 shares in the last quarter. Principal Securities Inc. boosted its stake 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 position in shares of Nutanix in the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC increased its stake in 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 buying an additional 146 shares during the period. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

NTNX has been the subject of several research reports. Barclays set a $94.00 price target on shares of Nutanix and gave the stock an "overweight" rating in a research note on Thursday, February 27th. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Piper Sandler dropped their price objective on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC boosted their target price on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada upped their target price on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $87.85.

Nutanix Stock Up 4.1 %

Shares of NTNX traded up $2.46 during mid-day trading on Tuesday, reaching $62.85. 2,444,924 shares of the stock traded hands, compared to its average volume of 2,513,477. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of -179.57, a P/E/G ratio of 11.80 and a beta of 0.84. The stock has a fifty day simple moving average of $69.35 and a 200 day simple moving average of $66.69.

Insider Activity at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the sale, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,610,592 shares of company stock valued at $417,628,260 over the last ninety days. Corporate insiders own 6.80% of the company's stock.

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.