Balyasny Asset Management L.P. Sells 498,756 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Balyasny Asset Management L.P. trimmed its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 73.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 184,623 shares of the technology company's stock after selling 498,756 shares during the period. Balyasny Asset Management L.P. owned approximately 0.07% of Nutanix worth $11,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its stake in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP lifted its holdings in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company's stock valued at $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. lifted its holdings in Nutanix by 52.4% in the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company's stock valued at $35,000 after acquiring an additional 199 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix in the fourth quarter valued at about $40,000. Finally, Larson Financial Group LLC lifted its holdings in Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after acquiring an additional 146 shares during the period. Institutional investors own 85.25% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com downgraded Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. Northland Capmk raised Nutanix from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Royal Bank of Canada increased their target price on Nutanix from $83.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Oppenheimer upped their price target on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC upped their price target on Nutanix from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One equities research 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. According to MarketBeat, Nutanix currently has a consensus rating of "Buy" and a consensus target price of $87.85.

Insiders Place Their Bets

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the transaction, the chief executive officer now owns 558,366 shares of the company's stock, valued at $41,877,450. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,514,740 shares of company stock valued at $410,918,620 in the last quarter. 6.80% of the stock is currently owned by insiders.

Nutanix Price Performance

Shares of NTNX stock traded up $1.75 during trading hours on Monday, hitting $76.85. The stock had a trading volume of 2,991,984 shares, compared to its average volume of 2,526,195. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of -219.57, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The stock's 50-day moving average price is $67.62 and its two-hundred day moving average price is $67.41.

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.