Nutanix, Inc. (NASDAQ:NTNX) Stock Holdings Lessened by SP Asset Management LLC

SP Asset Management LLC cut its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,173 shares of the technology company’s stock after selling 20,267 shares during the quarter. Nutanix accounts for 0.9% of SP Asset Management LLC’s portfolio, making the stock its 26th largest holding. SP Asset Management LLC owned 0.07% of Nutanix worth $11,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Nutanix during the 4th quarter worth about $86,824,000. Arizona State Retirement System raised its holdings in Nutanix by 3.0% during the 4th quarter. Arizona State Retirement System now owns 73,150 shares of the technology company’s stock worth $4,475,000 after buying an additional 2,131 shares during the period. Proficio Capital Partners LLC purchased a new position in Nutanix during the 4th quarter worth approximately $6,052,000. Atria Investments Inc grew its position in Nutanix by 41.9% during the 4th quarter. Atria Investments Inc now owns 7,179 shares of the technology company’s stock worth $439,000 after purchasing an additional 2,121 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Nutanix by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock worth $88,271,000 after acquiring an additional 33,980 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Trading Up 0.0 %

NTNX opened at $77.10 on Thursday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The stock has a market capitalization of $20.66 billion, a price-to-earnings ratio of -220.29, a P/E/G ratio of 11.80 and a beta of 1.17. The business has a 50 day moving average of $67.74 and a 200-day moving average of $64.82.

Insider Activity

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, the chief executive officer now owns 649,034 shares in the company, valued at approximately $42,738,888.90. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,684,917 shares of company stock valued at $422,452,901. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NTNX shares. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. UBS Group upped their target price on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Oppenheimer upped their target price on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Barclays set a $94.00 target price on shares of Nutanix and gave the stock an “overweight” 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 boosted their target price 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 given a strong buy rating to the company. According to MarketBeat, Nutanix presently has a consensus rating of “Buy” and an average target price of $87.79.

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.