Blueshift Asset Management LLC Cuts Stake in Nutanix, Inc. (NASDAQ:NTNX)

Blueshift Asset Management LLC cut its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 68.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,066 shares of the technology company’s stock after selling 9,027 shares during the quarter. Blueshift Asset Management LLC’s holdings in Nutanix were worth $249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its holdings in shares of Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after buying an additional 146 shares in the last quarter. Freedom Investment Management Inc. boosted its stake in Nutanix by 4.0% in the third quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after acquiring an additional 151 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after purchasing an additional 188 shares during the last quarter. Principal Securities Inc. increased its position in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Nutanix by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock valued at $417,000 after purchasing an additional 233 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Raymond James set a $83.00 price target on Nutanix in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the company an “overweight” rating in a research report on Thursday, February 27th. 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. Finally, StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. One research 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’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $87.79.

Insider Activity at Nutanix

In other news, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. The trade was a 11.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,609,206 shares of company stock worth $417,458,120. 6.80% of the stock is owned by corporate insiders.

Nutanix Stock Up 0.7 %

Shares of NTNX stock opened at $73.04 on Friday. The stock has a market cap of $19.48 billion, a PE ratio of -208.69, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The business has a 50-day simple moving average of $69.52 and a 200-day simple moving average of $65.93.

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.