Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Cerity Partners LLC

Cerity Partners LLC decreased its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 17.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,418 shares of the technology company's stock after selling 7,554 shares during the period. Cerity Partners LLC's holdings in Nutanix were worth $2,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in shares of Nutanix by 28.6% during the fourth 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 in the last quarter. Avantax Advisory Services Inc. grew its stake in Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after purchasing an additional 188 shares in the last quarter. Principal Securities Inc. increased its holdings in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock worth $35,000 after purchasing an additional 199 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Nutanix by 5.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock valued at $282,000 after purchasing an additional 249 shares in the last quarter. Finally, Allworth Financial LP boosted 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 buying an additional 256 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nutanix

In related news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction dated 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 sale, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company's stock, valued at $37,832,410. The trade was a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NTNX has been the topic of several recent analyst reports. Piper Sandler cut their price target on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. UBS Group lifted their price target on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Oppenheimer upped their price objective on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Northland Securities upgraded 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 research report on Thursday, February 27th. One investment 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $87.85.

Nutanix Price Performance

Shares of NTNX stock traded down $3.09 during trading hours on Monday, reaching $58.54. The stock had a trading volume of 1,659,964 shares, compared to its average volume of 2,511,892. The firm has a market capitalization of $15.61 billion, a PE ratio of -167.26, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The firm has a 50-day simple moving average of $68.38 and a 200-day simple moving average of $66.77. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99.

About Nutanix

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.