Groupama Asset Managment Sells 7,000 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Groupama Asset Managment cut its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 700,000 shares of the technology company’s stock after selling 7,000 shares during the period. Groupama Asset Managment owned about 0.26% of Nutanix worth $42,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NTNX. Vanguard Group Inc. increased its position in Nutanix by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,636,598 shares of the technology company’s stock valued at $1,568,447,000 after acquiring an additional 146,854 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Nutanix by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 4,311,000 shares of the technology company’s stock valued at $263,275,000 after purchasing an additional 163,874 shares during the last quarter. Norges Bank bought a new position in shares of Nutanix in the 4th quarter worth approximately $195,758,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Nutanix by 15.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after buying an additional 374,328 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after buying an additional 695,567 shares during the period. 85.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Oppenheimer raised their target price on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Piper Sandler boosted their price target on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company upped their price target on Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Finally, UBS Group boosted their price objective on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. 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 data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $87.79.

Nutanix Stock Down 1.7 %

Shares of NTNX stock opened at $69.81 on Tuesday. The company’s fifty day simple moving average is $70.47 and its two-hundred day simple moving average is $66.49. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The stock has a market cap of $18.62 billion, a P/E ratio of -199.46, a PEG ratio of 11.80 and a beta of 1.04.

Insider Transactions at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of Nutanix stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the transaction, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at $37,832,410. This trade represents a 15.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the director now owns 11,354,032 shares in the company, valued at $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is currently owned by insiders.

Nutanix 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.