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

AlphaQuest LLC decreased its stake in Nutanix, Inc. (NASDAQ:NTNX) by 32.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,939 shares of the technology company’s stock after selling 2,398 shares during the period. AlphaQuest LLC’s holdings in Nutanix were worth $302,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC raised its stake in shares of Nutanix by 28.6% during the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after purchasing an additional 146 shares during the period. Freedom Investment Management Inc. grew its holdings in Nutanix by 4.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after purchasing an additional 151 shares in the last quarter. Principal Securities Inc. increased its stake in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after buying an additional 199 shares during the period. CIBC Asset Management Inc lifted its holdings in Nutanix by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after buying an additional 233 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NTNX. UBS Group lifted their price objective on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Needham & Company LLC raised their price objective on shares of Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their target price on shares of Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $77.00 to $97.00 in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $87.79.

Nutanix Stock Performance

Shares of NTNX opened at $69.47 on Friday. The firm has a fifty day moving average of $68.59 and a 200-day moving average of $65.48. The company has a market cap of $18.61 billion, a price-to-earnings ratio of -198.49, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99.

Insider Buying and Selling at Nutanix

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction 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 position. The disclosure for this sale can be found here. Insiders sold 5,684,917 shares of company stock valued at $422,452,901 in the last ninety days. Company insiders own 6.80% of the company’s stock.

About Nutanix

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.