Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,198,037 shares of the technology company's stock after selling 16,077 shares during the period. Nuveen Asset Management LLC owned approximately 0.45% of Nutanix worth $73,296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NTNX. Harbour Investments Inc. boosted its position in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after buying an additional 418 shares during the period. Colonial Trust Co SC purchased a new position in Nutanix in the fourth quarter valued at about $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 valued at $31,000 after acquiring an additional 256 shares during the last quarter. Principal Securities Inc. boosted its holdings in 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 during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nutanix in the fourth quarter worth $40,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the sale, the director now directly owns 3,050 shares in the company, valued at $232,288. This represents a 69.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 in the company, valued at approximately $41,877,450. The trade was a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,575,797 shares of company stock valued at $415,742,123 in the last 90 days. Company insiders own 6.80% of the company's stock.

Nutanix Price Performance

Nutanix stock traded down $1.65 during midday trading on Tuesday, reaching $81.42. The company's stock had a trading volume of 2,706,294 shares, compared to its average volume of 2,562,111. The stock's 50-day simple moving average is $69.02 and its 200-day simple moving average is $68.17. The stock has a market capitalization of $21.71 billion, a P/E ratio of -232.63, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $83.36.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler dropped their price objective on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an "overweight" rating in a report on Thursday, February 27th. Oppenheimer boosted their price objective on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nutanix presently has an average rating of "Moderate Buy" and a consensus price target of $88.23.

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.