Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by FIL Ltd

FIL Ltd cut its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 28.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,056,906 shares of the technology company's stock after selling 811,151 shares during the quarter. FIL Ltd owned about 0.77% of Nutanix worth $125,842,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC increased its position 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 worth $40,000 after purchasing an additional 146 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after acquiring an additional 188 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after acquiring an additional 199 shares in 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 during the last quarter. Finally, Allworth Financial LP boosted its stake in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after purchasing an additional 256 shares in the last quarter. 85.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NTNX. Morgan Stanley lifted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. UBS Group boosted their price target on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Royal Bank of Canada raised their price objective on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company increased their price target on shares of Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Nutanix currently has an average rating of "Buy" and a consensus price target of $87.85.

Nutanix Trading Up 3.4 %

NASDAQ:NTNX traded up $2.04 during trading hours on Monday, hitting $61.34. 764,064 shares of the stock were exchanged, compared to its average volume of 2,506,212. The company has a market cap of $16.36 billion, a P/E ratio of -175.26, a P/E/G ratio of 11.80 and a beta of 0.84. The firm's fifty day moving average price is $69.57 and its 200 day moving average price is $66.68. 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, CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. The trade was a 15.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the sale, the director now directly owns 11,354,032 shares of the company's stock, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is owned by corporate insiders.

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.