Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,789,172 shares of the technology company's stock after selling 48,656 shares during the period. Price T Rowe Associates Inc. MD owned 0.67% of Nutanix worth $109,462,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NTNX. Harbour Investments Inc. boosted its stake in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after acquiring an additional 418 shares during the last quarter. Allworth Financial LP lifted its holdings in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $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% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix during the fourth quarter worth about $40,000. Finally, Larson Financial Group LLC grew its holdings in shares of 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 buying an additional 146 shares in the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NTNX. Northland Securities raised shares of Nutanix from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st. Raymond James set a $83.00 price objective on Nutanix in a research report on Thursday, February 27th. Wells Fargo & Company upped their target price on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $87.85.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $67.16 on Monday. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The stock has a 50-day simple moving average of $67.82 and a 200-day simple moving average of $66.82. The stock has a market capitalization of $17.91 billion, a P/E ratio of -191.89, a PEG ratio of 11.80 and a beta of 0.84.

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the firm's 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 sale, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,592 shares of company stock worth $417,628,260 over the last ninety days. 6.80% of the stock is owned by company 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.

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