Mackenzie Financial Corp Has $32.84 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Mackenzie Financial Corp lowered its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 536,834 shares of the technology company's stock after selling 66,419 shares during the period. Mackenzie Financial Corp owned 0.20% of Nutanix worth $32,844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. increased its holdings in shares of Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after acquiring an additional 418 shares during the last quarter. Colonial Trust Co SC acquired a new position in shares of Nutanix during the 4th quarter worth approximately $28,000. Allworth Financial LP increased its holdings in shares of 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 acquiring an additional 256 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of 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 acquiring an additional 199 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nutanix during the 4th quarter worth approximately $40,000. Institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NTNX stock traded down $3.02 on Thursday, hitting $75.85. 8,675,600 shares of the company's stock were exchanged, compared to its average volume of 2,604,287. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $83.36. The stock has a market cap of $20.23 billion, a P/E ratio of -216.71, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The company has a 50 day moving average of $70.28 and a 200 day moving average of $68.77.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays set a $94.00 target price on Nutanix and gave the stock an "overweight" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their price objective on Nutanix from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Wells Fargo & Company upped their price objective on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a report 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 report on Thursday, February 27th. Finally, Raymond James lowered Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Moderate Buy" and an average target price of $89.57.

Insider Buying and Selling

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. This trade represents a 69.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total value of $580,500.00. Following the completion of the transaction, the chief executive officer now owns 558,366 shares of the company's stock, valued at $41,877,450. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,575,797 shares of company stock worth $415,742,123 in the last ninety days. 6.80% of the stock is owned by 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.