Algert Global LLC Sells 129,044 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Algert Global LLC reduced its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 78.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,530 shares of the technology company's stock after selling 129,044 shares during the period. Algert Global LLC's holdings in Nutanix were worth $2,174,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Harbour Investments Inc. lifted its position in Nutanix by 2,612.5% during the 4th 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 period. Allworth Financial LP lifted its position in 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 acquiring an additional 256 shares during the period. Principal Securities Inc. lifted its position in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after acquiring an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Nutanix during the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC lifted its position in Nutanix by 28.6% during 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 period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Stock Performance

Shares of NTNX traded up $1.75 during mid-day trading on Monday, hitting $76.85. 2,991,984 shares of the company traded hands, compared to its average volume of 2,526,195. The stock has a 50-day moving average price of $67.62 and a two-hundred day moving average price of $67.41. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of -219.57, a P/E/G ratio of 11.80 and a beta of 0.70.

Insider Activity

In other news, Director Steven J. Gomo sold 7,000 shares of the business'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 transaction, the director now directly owns 3,050 shares of the company's stock, valued at $232,288. The trade was a 69.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 $845,988,924.32. The trade was a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,514,740 shares of company stock valued at $410,918,620 over the last three months. Insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NTNX. Raymond James set a $83.00 price target on shares of Nutanix in a research report on Thursday, February 27th. Piper Sandler lowered their price target on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Northland Securities raised shares of Nutanix from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Barclays set a $94.00 target price on shares of Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $87.85.

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.