Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 84.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 846,809 shares of the technology company's stock after selling 4,464,437 shares during the quarter. Ameriprise Financial Inc. owned about 0.32% of Nutanix worth $51,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTNX. Harbour Investments Inc. boosted its position in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares during the period. Allworth Financial LP boosted its position in shares of 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 buying an additional 256 shares during the period. Principal Securities Inc. boosted its holdings in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nutanix during the 4th quarter worth $40,000. Finally, Larson Financial Group LLC grew its stake in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Needham & Company LLC boosted their target price on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, UBS Group boosted their target price on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Nutanix has an average rating of "Buy" and an average target price of $87.85.

Nutanix Trading Up 2.1%

Shares of Nutanix stock traded up $1.71 on Friday, hitting $82.37. The stock had a trading volume of 1,323,121 shares, compared to its average volume of 2,551,547. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $83.14. The stock has a market cap of $21.96 billion, a price-to-earnings ratio of -235.26, a P/E/G ratio of 11.80 and a beta of 0.70. The company's 50 day moving average price is $68.39 and its 200 day moving average price is $67.83.

Insider Buying and Selling at Nutanix

In other Nutanix news, 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 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 owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. The trade was a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,575,797 shares of company stock valued at $415,742,123 in the last ninety days. Insiders own 6.80% of the company's stock.

Nutanix Company 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.