Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,044,733 shares of the technology company's stock after selling 147,660 shares during the period. Primecap Management Co. CA owned approximately 1.53% of Nutanix worth $239,650,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NTNX. Price T Rowe Associates Inc. MD increased its holdings in shares of Nutanix by 29.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,358,768 shares of the technology company's stock valued at $269,024,000 after buying an additional 985,421 shares in the last quarter. Jericho Capital Asset Management L.P. grew its holdings in shares of Nutanix by 13.1% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,988,923 shares of the technology company's stock valued at $246,196,000 after acquiring an additional 462,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Nutanix by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,738,756 shares of the technology company's stock valued at $212,548,000 after acquiring an additional 256,156 shares in the last quarter. Marshall Wace LLP boosted its holdings in Nutanix by 47.5% in the second quarter. Marshall Wace LLP now owns 1,482,989 shares of the technology company's stock worth $84,308,000 after purchasing an additional 477,838 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in Nutanix by 123.9% in the second quarter. Driehaus Capital Management LLC now owns 1,435,230 shares of the technology company's stock worth $81,593,000 after purchasing an additional 794,215 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Rukmini Sivaraman sold 24,316 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $58.85, for a total value of $1,430,996.60. Following the transaction, the chief financial officer now owns 192,169 shares in the company, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David Sangster sold 11,950 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NTNX shares. Piper Sandler upped their price target on shares of Nutanix from $76.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Morgan Stanley raised Nutanix from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $71.00 to $72.00 in a research report on Monday, October 28th. Bank of America raised their price target on Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Oppenheimer started coverage on Nutanix in a research report on Wednesday, November 13th. They set an "outperform" rating and a $80.00 target price on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $80.00 target price on shares of Nutanix in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $73.86.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $69.44 on Thursday. The company's 50-day moving average price is $63.23 and its two-hundred day moving average price is $59.16. Nutanix, Inc. has a one year low of $39.34 and a one year high of $73.69.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The company had revenue of $547.95 million for the quarter, compared to analysts' expectations of $537.12 million. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. As a group, equities analysts predict that Nutanix, Inc. will post 0.27 EPS for the current year.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.

Want to see what other hedge funds are holding NTNX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutanix, Inc. (NASDAQ:NTNX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.