Great Lakes Advisors LLC Has $9.84 Million Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Great Lakes Advisors LLC cut its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,823 shares of the technology company’s stock after selling 4,831 shares during the period. Great Lakes Advisors LLC’s holdings in Nutanix were worth $9,839,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NTNX. Bain Capital Investors LLC bought a new position in shares of Nutanix during the third quarter worth approximately $998,601,000. Raymond James Financial Inc. bought a new position in shares of Nutanix during the fourth quarter worth approximately $86,824,000. Two Sigma Advisers LP increased its holdings in shares of Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Nutanix by 5,473.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after purchasing an additional 470,717 shares during the period. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Nutanix by 235.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock worth $33,313,000 after purchasing an additional 382,232 shares during the period. 85.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NTNX. Royal Bank of Canada raised their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a 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 report on Thursday, February 27th. Raymond James set a $83.00 price objective on shares of Nutanix in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Nutanix currently has a consensus rating of “Buy” and an average target price of $87.79.

Nutanix Stock Performance

NASDAQ NTNX opened at $67.77 on Thursday. The firm’s fifty day moving average price is $68.35 and its two-hundred day moving average price is $65.36. The stock has a market cap of $18.16 billion, a PE ratio of -193.63, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

Insiders Place Their Bets

In other news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction on 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 owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares in the company, valued at approximately $37,832,410. This trade represents a 15.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,684,917 shares of company stock valued at $422,452,901. 6.80% of the stock is currently owned by insiders.

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.