Los Angeles Capital Management LLC Sells 177,289 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Los Angeles Capital Management LLC trimmed its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 95.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,224 shares of the technology company’s stock after selling 177,289 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Nutanix were worth $468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Nutanix during the first quarter worth about $1,384,000. Cetera Investment Advisers increased its position in Nutanix by 48.7% during the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock valued at $4,697,000 after purchasing an additional 24,918 shares during the period. Diversified Trust Co raised its holdings in Nutanix by 46.7% during the 2nd quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock worth $2,084,000 after purchasing an additional 11,668 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Nutanix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock valued at $1,548,378,000 after purchasing an additional 346,414 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Nutanix by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 103,926 shares of the technology company’s stock valued at $4,956,000 after purchasing an additional 943 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO David Sangster sold 10,384 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the completion of the sale, the chief operating officer now owns 64,333 shares in the company, valued at $3,486,205.27. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Nutanix news, CFO Rukmini Sivaraman sold 12,566 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the transaction, the chief financial officer now owns 144,902 shares in the company, valued at approximately $7,711,684.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total value of $562,708.96. Following the sale, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The disclosure for this sale can be found here. Insiders have sold 46,936 shares of company stock valued at $2,531,273 in the last three months. 0.46% of the stock is currently owned by insiders.

Nutanix Stock Performance

NTNX stock opened at $59.06 on Friday. The business has a 50-day simple moving average of $53.68 and a two-hundred day simple moving average of $58.98. The company has a market capitalization of $14.57 billion, a P/E ratio of -843.59, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19. Nutanix, Inc. has a 52-week low of $33.30 and a 52-week high of $73.69.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 30th. Morgan Stanley raised their target price on Nutanix from $62.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th. Barclays lifted their price objective on shares of Nutanix from $71.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, Bank of America raised their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and an average price target of $73.31.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.