Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 448,253 shares of the technology company's stock after selling 127,762 shares during the quarter. Mackenzie Financial Corp owned 0.18% of Nutanix worth $21,377,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Segantii Capital Management Ltd purchased a new position in Nutanix in the 3rd quarter worth about $2,672,000. Lisanti Capital Growth LLC purchased a new stake in shares of Nutanix during the 3rd quarter valued at about $7,135,000. Allspring Global Investments Holdings LLC increased its position in shares of Nutanix by 641.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 57,174 shares of the technology company's stock valued at $1,994,000 after purchasing an additional 49,465 shares during the last quarter. Raymond James & Associates increased its position in shares of Nutanix by 306.0% during the 4th quarter. Raymond James & Associates now owns 73,765 shares of the technology company's stock valued at $3,518,000 after purchasing an additional 55,596 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Nutanix by 1,038.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 102,983 shares of the technology company's stock valued at $3,592,000 after purchasing an additional 93,934 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company's stock.

Nutanix Price Performance

Shares of NASDAQ NTNX traded down $0.78 during midday trading on Friday, reaching $58.75. 2,628,843 shares of the stock traded hands, compared to its average volume of 2,769,371. The stock has a market capitalization of $14.35 billion, a PE ratio of -163.19 and a beta of 1.29. Nutanix, Inc. has a one year low of $23.34 and a one year high of $66.99. The company's 50 day moving average is $61.83 and its 200 day moving average is $50.38.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, February 28th. The technology company reported $0.17 EPS for the quarter. The firm had revenue of $565.23 million for the quarter, compared to the consensus estimate of $551.82 million. As a group, equities analysts forecast that Nutanix, Inc. will post -0.04 EPS for the current year.

Insider Buying and Selling

In related news, COO David Sangster sold 12,545 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $63.04, for a total value of $790,836.80. Following the completion of the sale, the chief operating officer now directly owns 70,192 shares in the company, valued at $4,424,903.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Nutanix news, CFO Rukmini Sivaraman sold 53,029 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now owns 144,635 shares in the company, valued at $9,368,008.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO David Sangster sold 12,545 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $63.04, for a total value of $790,836.80. Following the completion of the sale, the chief operating officer now owns 70,192 shares in the company, valued at approximately $4,424,903.68. The disclosure for this sale can be found here. Insiders sold a total of 129,506 shares of company stock worth $8,270,938 over the last three months. 0.46% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on NTNX. Barclays upped their price target on shares of Nutanix from $49.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Needham & Company LLC increased their target price on shares of Nutanix from $62.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. KeyCorp increased their target price on shares of Nutanix from $68.00 to $69.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. JMP Securities increased their target price on shares of Nutanix from $50.00 to $70.00 and gave the stock a "market outperform" rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Nutanix from $54.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, February 26th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $65.17.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.