Avory & Company LLC lessened its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,038 shares of the technology company's stock after selling 3,976 shares during the period. Nutanix accounts for approximately 4.4% of Avory & Company LLC's holdings, making the stock its 10th biggest position. Avory & Company LLC's holdings in Nutanix were worth $7,895,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in NTNX. Bain Capital Investors LLC bought a new position in shares of Nutanix in the 3rd quarter valued at about $998,601,000. Raymond James Financial Inc. purchased a new stake in Nutanix during the fourth quarter valued at approximately $86,824,000. Two Sigma Advisers LP lifted its stake in shares of Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company's stock valued at $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Nutanix by 5,473.5% in the 4th 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. Finally, Stephens Investment Management Group LLC increased its position in shares of Nutanix by 235.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company's stock valued at $33,313,000 after purchasing an additional 382,232 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.
Nutanix Trading Down 8.5 %
Shares of NTNX traded down $6.02 during midday trading on Monday, hitting $64.39. 4,839,255 shares of the company's stock traded hands, compared to its average volume of 2,440,803. The firm's fifty day moving average is $68.06 and its 200-day moving average is $65.16. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of -183.97, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their target price on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 27th. Morgan Stanley upped their price target on shares of Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Needham & Company LLC lifted their price objective on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price objective on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Nutanix presently has a consensus rating of "Buy" and an average price target of $87.79.
Read Our Latest Research Report on NTNX
Insider Activity
In related news, Director Groen Max Pieter De sold 5,500,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virginia Gambale sold 6,060 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now owns 45,330 shares in the company, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,684,917 shares of company stock worth $422,452,901 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.
About Nutanix
(
Free Report)
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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