Nutanix, Inc. (NASDAQ:NTNX) Stock Holdings Decreased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lessened its stake in shares of Nutanix, Inc. (NASDAQ:NTNX - Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,829 shares of the technology company's stock after selling 6,390 shares during the quarter. Treasurer of the State of North Carolina owned about 0.06% of Nutanix worth $9,411,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Nutanix by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company's stock worth $1,568,447,000 after purchasing an additional 146,854 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Nutanix by 6.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,418,900 shares of the technology company's stock valued at $270,348,000 after buying an additional 268,400 shares during the last quarter. Geode Capital Management LLC grew its holdings in Nutanix by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company's stock valued at $263,275,000 after buying an additional 163,874 shares during the last quarter. Norges Bank purchased a new position in Nutanix during the fourth quarter worth $195,758,000. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Nutanix by 6,785.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,139,340 shares of the technology company's stock worth $130,885,000 after acquiring an additional 2,108,269 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Nutanix Stock Down 0.4 %

NTNX stock traded down $0.24 during mid-day trading on Friday, reaching $61.63. The company had a trading volume of 1,051,856 shares, compared to its average volume of 2,515,763. The stock's 50-day simple moving average is $68.62 and its two-hundred day simple moving average is $66.68. The stock has a market capitalization of $16.43 billion, a P/E ratio of -176.09, a P/E/G 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.

Insider Buying and Selling at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the business's stock in a transaction on 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 owns 540,463 shares of the company's stock, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the firm'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 transaction, the director now directly owns 11,354,032 shares of the company's stock, valued at $845,988,924.32. This represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on NTNX. StockNews.com lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st. Needham & Company LLC upped their price objective on shares of Nutanix from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Raymond James set a $83.00 price target on Nutanix in a report on Thursday, February 27th. Royal Bank of Canada raised their price objective on Nutanix from $83.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Northland Capmk upgraded Nutanix from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $87.85.

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.