Trexquant Investment LP reduced its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 34.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,777 shares of the technology company's stock after selling 170,476 shares during the quarter. Trexquant Investment LP owned about 0.12% of Nutanix worth $20,053,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Harbour Investments Inc. boosted its stake in shares of Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP boosted its position in 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 acquiring an additional 256 shares during the last quarter. Principal Securities Inc. boosted its position in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after acquiring an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nutanix in the 4th quarter worth approximately $40,000. Finally, Larson Financial Group LLC raised its holdings in Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.
Nutanix Stock Performance
Shares of NASDAQ:NTNX traded down $6.28 during mid-day trading on Friday, hitting $58.50. 4,450,783 shares of the company traded hands, compared to its average volume of 2,489,955. The firm's 50 day simple moving average is $70.53 and its 200 day simple moving average is $66.64. The firm has a market cap of $15.60 billion, a P/E ratio of -167.14, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.
Insider Buying and Selling
In other news, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now owns 3,050 shares of the company's stock, valued at approximately $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the completion of the sale, the chief executive officer now directly owns 540,463 shares in the company, valued at $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 5,610,886 shares of company stock valued at $417,646,356 in the last quarter. Company insiders own 6.80% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on NTNX. UBS Group raised their price objective on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company lifted their price target on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Oppenheimer boosted their target price on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Northland Securities raised shares of Nutanix from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $87.79.
View Our Latest Stock Analysis on NTNX
Nutanix Company Profile
(
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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