Cresset Asset Management LLC Has $7.28 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Cresset Asset Management LLC lowered its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 16.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 118,974 shares of the technology company's stock after selling 23,480 shares during the period. Cresset Asset Management LLC's holdings in Nutanix were worth $7,279,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC lifted its position in Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after buying an additional 146 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock valued at $349,000 after buying an additional 188 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Nutanix by 5.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,588 shares of the technology company's stock worth $220,000 after purchasing an additional 196 shares during the last quarter. Principal Securities Inc. grew its position in shares of 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. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Nutanix by 5.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company's stock worth $282,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NASDAQ NTNX traded up $4.84 during midday trading on Tuesday, hitting $81.69. 3,128,185 shares of the company's stock were exchanged, compared to its average volume of 2,529,436. The stock's 50 day moving average price is $67.62 and its 200-day moving average price is $67.52. The firm has a market cap of $21.78 billion, a P/E ratio of -233.40, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $82.31.

Insider Transactions at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the sale, the chief executive officer now directly owns 558,366 shares in the company, valued at approximately $41,877,450. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,514,740 shares of company stock worth $410,918,620. Company insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on NTNX. JPMorgan Chase & Co. raised their target price on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Needham & Company LLC increased their target price on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Piper Sandler cut their target price on Nutanix from $88.00 to $76.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada raised their price objective on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus 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.