Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Parsifal Capital Management LP

Parsifal Capital Management LP reduced its position in Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763,728 shares of the technology company's stock after selling 312,048 shares during the quarter. Nutanix accounts for approximately 3.9% of Parsifal Capital Management LP's investment portfolio, making the stock its 10th largest holding. Parsifal Capital Management LP owned approximately 0.29% of Nutanix worth $46,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. grew its stake in Nutanix by 2,612.5% in the fourth 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. Colonial Trust Co SC purchased a new position in Nutanix in the fourth quarter valued at about $28,000. Allworth Financial LP grew its stake 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 purchasing an additional 256 shares during the last quarter. Principal Securities Inc. grew its stake 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 purchasing an additional 199 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix during the fourth quarter worth about $40,000. 85.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the business'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 value of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares of the company's stock, valued at approximately $232,288. The trade was a 69.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 61,057 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total value of $4,823,503.00. Following the completion of the transaction, the chief executive officer now directly owns 497,309 shares of the company's stock, valued at $39,287,411. The trade was a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,575,797 shares of company stock valued at $415,742,123. 6.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NTNX has been the topic of a number of research analyst reports. Oppenheimer boosted their price target on Nutanix from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. UBS Group boosted their price target on Nutanix from $81.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price target on Nutanix from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Finally, Raymond James set a $83.00 price target on Nutanix in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $87.85.

Nutanix Stock Performance

NASDAQ NTNX traded up $0.41 during trading hours on Monday, reaching $83.18. The stock had a trading volume of 877,858 shares, compared to its average volume of 2,556,424. The stock has a fifty day moving average of $68.72 and a 200 day moving average of $68.02. The stock has a market cap of $22.18 billion, a P/E ratio of -237.77, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $83.33.

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.