Melqart Asset Management UK Ltd Cuts Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Melqart Asset Management UK Ltd cut its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,044 shares of the technology company's stock after selling 19,639 shares during the period. Nutanix accounts for 1.3% of Melqart Asset Management UK Ltd's holdings, making the stock its 23rd biggest holding. Melqart Asset Management UK Ltd owned 0.07% of Nutanix worth $10,893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. boosted its position in shares of Nutanix by 2,612.5% during the fourth 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 last quarter. Allworth Financial LP boosted its holdings in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after purchasing an additional 256 shares during the last quarter. Principal Securities Inc. grew its position in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after purchasing an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Nutanix in the fourth quarter worth about $40,000. Finally, Larson Financial Group LLC lifted its position in shares of Nutanix by 28.6% in the fourth 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. 85.25% of the stock is currently owned by institutional investors.

Insider Transactions at Nutanix

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares in the company, valued at $41,877,450. The trade was a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,610,592 shares of company stock worth $417,628,260. Insiders own 6.80% of the company's stock.

Nutanix Stock Performance

Nutanix stock traded up $2.21 during mid-day trading on Thursday, hitting $70.91. The company's stock had a trading volume of 2,583,916 shares, compared to its average volume of 2,527,411. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The stock has a market cap of $18.91 billion, a PE ratio of -202.60, a P/E/G ratio of 11.80 and a beta of 0.84. The company has a 50 day moving average of $67.65 and a 200-day moving average of $66.86.

Analyst Ratings Changes

NTNX has been the topic of a number of research reports. JPMorgan Chase & Co. lifted 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. Barclays set a $94.00 price target on shares of Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Northland Capmk raised shares of Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. UBS Group upped their target price on shares of Nutanix from $81.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Northland Securities upgraded Nutanix from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average 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.