Treasurer of the State of North Carolina trimmed its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 153,829 shares of the technology company's stock after selling 6,390 shares during the quarter. Treasurer of the State of North Carolina owned about 0.06% of Nutanix worth $9,411,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Harbour Investments Inc. increased its holdings in Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares in the last quarter. Allworth Financial LP grew its stake in shares of Nutanix by 123.1% during 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 during the period. Principal Securities Inc. increased its holdings in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after buying an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix in the 4th quarter worth $40,000. Finally, Larson Financial Group LLC raised its stake in shares of Nutanix by 28.6% in 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 during the period. 85.25% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction 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 owns 540,463 shares of the company's stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix 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 transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,610,592 shares of company stock valued at $417,628,260 in the last ninety days. Insiders own 6.80% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Royal Bank of Canada upped their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Oppenheimer increased their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Raymond James set a $83.00 price target on Nutanix in a report on Thursday, February 27th. Finally, 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 research report on Thursday, February 27th. One 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, Nutanix currently has a consensus rating of "Buy" and an average target price of $87.85.
Get Our Latest Stock Report on NTNX
Nutanix Trading Down 0.4 %
Shares of NASDAQ:NTNX traded down $0.24 during trading on Friday, reaching $61.63. The company's stock had a trading volume of 1,051,856 shares, compared to its average volume of 2,512,801. The stock has a market capitalization of $16.43 billion, a PE ratio of -176.09, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The firm's 50 day simple moving average is $68.81 and its two-hundred day simple moving average is $66.64.
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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