Jasper Ridge Partners L.P. Has $1.37 Million Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Jasper Ridge Partners L.P. trimmed its stake in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 77.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,331 shares of the technology company's stock after selling 75,093 shares during the quarter. Jasper Ridge Partners L.P.'s holdings in Nutanix were worth $1,366,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Harbour Investments Inc. boosted its stake in shares of Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock worth $27,000 after acquiring an additional 418 shares during the period. Colonial Trust Co SC bought a new position in shares of Nutanix during the 4th quarter worth approximately $28,000. Allworth Financial LP boosted its stake in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock worth $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. boosted 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 acquiring an additional 199 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Nutanix during the 4th quarter worth approximately $40,000. 85.25% of the stock is currently owned by institutional investors.

Nutanix Trading Down 0.7%

NASDAQ NTNX traded down $0.57 during midday trading on Wednesday, hitting $81.83. The company had a trading volume of 3,232,249 shares, compared to its average volume of 2,556,608. The company has a market capitalization of $21.82 billion, a PE ratio of -233.80, a P/E/G ratio of 11.80 and a beta of 0.70. The firm has a 50-day moving average price of $68.07 and a 200-day moving average price of $67.72. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $83.14.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix 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 of the company's stock, valued at $845,988,924.32. The trade was a 32.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction on 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 directly owns 558,366 shares of the company's stock, valued at $41,877,450. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,575,797 shares of company stock valued at $415,742,123 in the last three months. Corporate insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

NTNX has been the subject of several research analyst reports. Barclays set a $94.00 target price on Nutanix and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Piper Sandler reduced their target price on Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Raymond James set a $83.00 price target on Nutanix in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price target on Nutanix from $75.00 to $85.00 and gave the company an "equal weight" rating in a research note on Thursday, February 27th. Finally, Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. One 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 stock. According to MarketBeat, Nutanix currently has an average rating of "Buy" and an average price target of $87.85.

Nutanix Company 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.