Natixis Sells 6,543 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Natixis cut its holdings in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,081 shares of the technology company's stock after selling 6,543 shares during the period. Natixis' holdings in Nutanix were worth $1,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NTNX. Sanctuary Advisors LLC purchased a new position in Nutanix during the third quarter valued at approximately $555,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Nutanix during the 3rd quarter valued at $111,000. Tidal Investments LLC boosted its holdings in Nutanix by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 22,297 shares of the technology company's stock worth $1,321,000 after buying an additional 862 shares during the period. Versant Capital Management Inc increased its stake in Nutanix by 587.7% in the 4th quarter. Versant Capital Management Inc now owns 729 shares of the technology company's stock worth $45,000 after buying an additional 623 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Nutanix by 24.4% during the fourth quarter. GAMMA Investing LLC now owns 1,691 shares of the technology company's stock valued at $103,000 after acquiring an additional 332 shares during the period. Hedge funds and other institutional investors own 85.25% of the company's stock.

Insider Transactions at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the business's stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group increased their target price on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Oppenheimer increased their price objective on shares of Nutanix from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Raymond James set a $83.00 target price on shares of Nutanix in a report on Thursday, February 27th. Barclays set a $94.00 target price on shares of Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC raised their price objective on Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Nutanix currently has an average rating of "Buy" and an average target price of $87.85.

Nutanix Stock Up 0.2 %

NASDAQ:NTNX traded up $0.12 during mid-day trading on Monday, hitting $67.28. 249,477 shares of the stock traded hands, compared to its average volume of 2,442,582. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of -192.48, a PEG ratio of 11.80 and a beta of 0.84. The firm's 50 day moving average is $67.82 and its two-hundred day moving average is $66.82.

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.