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

Gotham Asset Management LLC lessened its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 203,503 shares of the technology company's stock after selling 23,610 shares during the quarter. Gotham Asset Management LLC owned about 0.08% of Nutanix worth $12,450,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Nutanix by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock worth $88,271,000 after acquiring an additional 33,980 shares during the last quarter. CIBC Asset Management Inc raised its position in Nutanix by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company's stock valued at $453,000 after purchasing an additional 375 shares during the period. Pacer Advisors Inc. lifted its stake in Nutanix by 1,555.9% during the fourth quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company's stock worth $4,540,000 after purchasing an additional 69,722 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Nutanix during the fourth quarter worth $299,000. Finally, Sanctuary Advisors LLC grew its stake in shares of Nutanix by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 9,698 shares of the technology company's stock valued at $593,000 after buying an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Stock Down 1.4%

Shares of NTNX traded down $1.17 during trading on Thursday, reaching $80.66. The company's stock had a trading volume of 2,220,989 shares, compared to its average volume of 2,555,272. The company has a market cap of $21.51 billion, a price-to-earnings ratio of -230.46, a P/E/G ratio of 11.80 and a beta of 0.70. The company has a fifty day moving average of $68.07 and a two-hundred day moving average of $67.72. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $83.14.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

NTNX has been the topic of a number of research reports. UBS Group increased their target price on shares of Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Oppenheimer boosted their target price on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Royal Bank of Canada increased their price target on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $77.00 to $97.00 in a research note on Thursday, February 27th. Finally, Raymond James set a $83.00 price target on shares of Nutanix in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $87.85.

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.