Ossiam Has $443,000 Stock Position in Nutanix, Inc. (NASDAQ:NTNX)

Ossiam lessened its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,247 shares of the technology company’s stock after selling 1,230 shares during the period. Ossiam’s holdings in Nutanix were worth $443,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of NTNX. Harbour Investments Inc. boosted its holdings in Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock valued at $27,000 after acquiring an additional 418 shares during the last quarter. Allworth Financial LP increased its position in shares of Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after buying an additional 256 shares during the period. Principal Securities Inc. raised its stake in 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 buying an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nutanix in the fourth quarter valued at $40,000. Finally, Larson Financial Group LLC boosted its position in 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 acquiring an additional 146 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Nutanix Trading Up 2.1 %

Shares of NASDAQ:NTNX opened at $59.78 on Wednesday. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99. The stock has a market cap of $15.94 billion, a PE ratio of -170.80, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The stock’s fifty day simple moving average is $68.16 and its two-hundred day simple moving average is $66.72.

Insider Buying and Selling

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the 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 completion of the transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares in the company, valued at approximately $41,877,450. This represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NTNX. Needham & Company LLC lifted their price objective on Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Piper Sandler lowered their target price on Nutanix from $88.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company increased their price target on Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” 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. Finally, Oppenheimer increased their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $87.85.

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.