Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 16.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,116 shares of the technology company's stock after selling 5,289 shares during the period. Wellington Management Group LLP's holdings in Nutanix were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in NTNX. Vanguard Group Inc. increased its stake in shares of Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock worth $1,568,447,000 after buying an additional 146,854 shares during the period. Renaissance Technologies LLC increased its position in shares of Nutanix by 6.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock valued at $270,348,000 after purchasing an additional 268,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Nutanix by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock valued at $263,275,000 after purchasing an additional 163,874 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Nutanix by 9.3% in the 4th quarter. First Trust Advisors LP now owns 3,498,768 shares of the technology company's stock valued at $214,055,000 after purchasing an additional 297,754 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Nutanix during the 4th quarter worth $195,758,000. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In related 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 transaction of $580,500.00. Following the completion of the sale, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. This represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.80% of the company's stock.

Nutanix Stock Down 1.6%

NTNX traded down $1.23 during trading on Friday, hitting $77.11. 4,364,831 shares of the stock were exchanged, compared to its average volume of 2,524,073. The firm has a market capitalization of $20.56 billion, a P/E ratio of -220.31, a PEG ratio of 11.80 and a beta of 0.69. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.36. The stock has a fifty day moving average price of $70.93 and a two-hundred day moving average price of $69.08.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Susquehanna upped their price objective on Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a research report on Thursday, May 29th. Raymond James lowered Nutanix from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 20th. Piper Sandler restated an "overweight" rating and set a $88.00 target price (up previously from $76.00) on shares of Nutanix in a research note on Thursday, May 29th. Finally, Royal Bank of Canada increased their price target on shares of Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $90.38.

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.