Two Sigma Advisers LP Cuts Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Two Sigma Advisers LP cut its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 46.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,505,847 shares of the technology company's stock after selling 1,308,155 shares during the period. Two Sigma Advisers LP owned approximately 0.56% of Nutanix worth $92,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTNX. Larson Financial Group LLC raised its stake in shares of Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock worth $40,000 after buying an additional 146 shares in the last quarter. True Wealth Design LLC raised its stake in shares of Nutanix by 13.2% during the 4th quarter. True Wealth Design LLC now owns 1,249 shares of the technology company's stock worth $76,000 after buying an additional 146 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Nutanix by 3.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company's stock worth $349,000 after buying an additional 188 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Nutanix by 5.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,588 shares of the technology company's stock worth $220,000 after buying an additional 196 shares in the last quarter. Finally, Principal Securities Inc. raised its stake 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 buying an additional 199 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Nutanix Trading Down 0.2%

Shares of Nutanix stock traded down $0.14 during trading hours on Thursday, reaching $79.86. 3,158,529 shares of the company's stock were exchanged, compared to its average volume of 2,566,198. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $83.36. The firm has a market capitalization of $21.30 billion, a price-to-earnings ratio of -228.17, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The company has a fifty day moving average of $69.53 and a 200-day moving average of $68.34.

Analyst Upgrades and Downgrades

NTNX has been the subject of a number of analyst reports. Royal Bank of Canada increased their target price on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Raymond James downgraded Nutanix from an "outperform" rating to a "market perform" rating in a research note on Tuesday. Northland Securities raised Nutanix from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Morgan Stanley upped their price target on Nutanix from $75.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.23.

Insiders Place Their Bets

In related news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now directly owns 3,050 shares of the company's stock, valued at approximately $232,288. This trade represents a 69.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $409,805,000.00. Following the completion of the transaction, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,575,797 shares of company stock valued at $415,742,123 in the last quarter. 6.80% of the stock is currently owned by company insiders.

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.