Neuberger Berman Group LLC trimmed its position in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 16.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 419,246 shares of the technology company's stock after selling 84,563 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.16% of Nutanix worth $25,649,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. Harbour Investments Inc. boosted its stake in shares of Nutanix by 2,612.5% in the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after buying an additional 418 shares during the period. Allworth Financial LP lifted its position 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 acquiring an additional 256 shares during the period. Principal Securities Inc. lifted its holdings in shares of 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 purchasing an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nutanix during the 4th quarter worth about $40,000. Finally, Larson Financial Group LLC lifted its position in Nutanix by 28.6% during 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 during the period. Hedge funds and other institutional investors own 85.25% of the company's stock.
Wall Street Analysts Forecast Growth
NTNX has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on shares of Nutanix from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an "overweight" rating in a research note on Thursday, February 27th. Northland Securities upgraded shares of Nutanix from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Needham & Company LLC boosted their price target on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Piper Sandler decreased their target price on shares of Nutanix from $88.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nutanix presently has a consensus rating of "Buy" and a consensus price target of $87.85.
Check Out Our Latest Research Report on NTNX
Nutanix Stock Down 1.4 %
Shares of NTNX traded down $0.88 during midday trading on Wednesday, hitting $61.97. The company's stock had a trading volume of 612,192 shares, compared to its average volume of 2,502,931. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of -177.06, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The company's fifty day simple moving average is $69.19 and its two-hundred day simple moving average is $66.66.
Insider Activity at Nutanix
In related news, Director Groen Max Pieter De sold 5,500,000 shares of the company'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 transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This 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 accessible through this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total value of $6,709,640.00. Following the sale, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,592 shares of company stock worth $417,628,260 in the last quarter. 6.80% of the stock is owned by insiders.
About Nutanix
(
Free Report)
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.
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