Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Savant Capital LLC

Savant Capital LLC lowered its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 45.0% during the fourth quarter, Holdings Channel reports. The firm owned 17,723 shares of the technology company’s stock after selling 14,519 shares during the quarter. Savant Capital LLC’s holdings in Nutanix were worth $1,084,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Versor Investments LP grew its stake in Nutanix by 211.7% during the 3rd quarter. Versor Investments LP now owns 33,352 shares of the technology company’s stock worth $1,976,000 after buying an additional 22,652 shares during the last quarter. Atreides Management LP purchased a new position in shares of Nutanix during the third quarter worth approximately $8,290,000. Two Sigma Advisers LP increased its holdings in shares of Nutanix by 32.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after acquiring an additional 695,567 shares during the period. Allspring Global Investments Holdings LLC raised its position in Nutanix by 101.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,958 shares of the technology company’s stock valued at $2,486,000 after purchasing an additional 21,086 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in Nutanix by 10.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,355,061 shares of the technology company’s stock worth $80,287,000 after purchasing an additional 125,657 shares during the period. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now owns 45,330 shares in the company, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix 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 owns 540,463 shares of the company’s stock, valued at approximately $37,832,410. This represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,917 shares of company stock worth $12,114,781 in the last quarter. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NTNX. Piper Sandler lifted their price objective on shares of Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Barclays boosted their price target on Nutanix from $75.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Raymond James lowered their target price on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company upped their price target on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley increased their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Nutanix Trading Down 0.5 %

Shares of NTNX opened at $70.47 on Friday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $75.80. The firm has a market capitalization of $18.88 billion, a P/E ratio of -201.34, a PEG ratio of 11.60 and a beta of 1.17. The firm’s 50-day moving average is $65.71 and its two-hundred day moving average is $62.46.

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.