Sherbrooke Park Advisers LLC Decreases Position in Nutanix, Inc. (NASDAQ:NTNX)

Sherbrooke Park Advisers LLC cut its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 76.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,097 shares of the technology company's stock after selling 19,838 shares during the period. Sherbrooke Park Advisers LLC's holdings in Nutanix were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NTNX. Norges Bank bought a new position in shares of Nutanix during the fourth quarter valued at approximately $195,758,000. Pictet Asset Management Holding SA grew its stake in shares of Nutanix by 6,785.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock valued at $130,885,000 after buying an additional 2,108,269 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Nutanix during the fourth quarter valued at approximately $91,639,000. Contour Asset Management LLC bought a new position in shares of Nutanix during the fourth quarter valued at approximately $87,318,000. Finally, Raymond James Financial Inc. bought a new position in shares of Nutanix during the fourth quarter valued at approximately $86,824,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 61,057 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the sale, the chief executive officer now owns 497,309 shares of the company's stock, valued at approximately $39,287,411. This represents a 10.93% 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 worth $415,742,123 over the last 90 days. Company insiders own 6.80% of the company's stock.

Nutanix Stock Up 2.6%

Nutanix stock opened at $82.77 on Monday. The business has a fifty day moving average of $68.72 and a two-hundred day moving average of $68.02. The firm has a market cap of $22.07 billion, a P/E ratio of -236.49, a P/E/G 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 $83.14.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group upped their target price on Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Oppenheimer upped their target price on Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on Nutanix and gave the stock an "overweight" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $87.85.

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.

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