Janus Henderson Group PLC Has $893,000 Stake in Nutanix, Inc. (NASDAQ:NTNX)

Janus Henderson Group PLC trimmed its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 87.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,603 shares of the technology company's stock after selling 100,320 shares during the quarter. Janus Henderson Group PLC's holdings in Nutanix were worth $893,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in shares of Nutanix by 2,612.5% in the fourth 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. Colonial Trust Co SC purchased a new stake in Nutanix in the 4th quarter valued at $28,000. Allworth Financial LP boosted its stake in Nutanix by 123.1% during 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 during the period. Principal Securities Inc. grew its position 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. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nutanix in the fourth quarter valued at $40,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NTNX shares. Susquehanna lifted their target price on Nutanix from $90.00 to $95.00 and gave the company a "positive" rating in a research note on Thursday. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 target price on shares of Nutanix in a report on Thursday. Piper Sandler reissued an "overweight" rating and set a $88.00 price target (up from $76.00) on shares of Nutanix in a report on Thursday. Finally, Wells Fargo & Company raised their price objective on shares of Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and a consensus price target of $89.57.

Nutanix Price Performance

Shares of Nutanix stock traded down $3.02 during midday trading on Thursday, hitting $75.85. The company had a trading volume of 8,676,223 shares, compared to its average volume of 2,598,751. The stock has a market cap of $20.23 billion, a PE ratio of -216.71, a P/E/G ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.36. The business's 50 day simple moving average is $70.30 and its two-hundred day simple moving average is $68.80.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through 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 value of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. The trade was a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,575,797 shares of company stock worth $415,742,123 over the last ninety days. Company insiders own 6.80% of the company's stock.

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.