Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by AlphaQuest LLC

AlphaQuest LLC reduced its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 32.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,939 shares of the technology company’s stock after selling 2,398 shares during the quarter. AlphaQuest LLC’s holdings in Nutanix were worth $302,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Atria Investments Inc grew its holdings in Nutanix by 29.3% during the third quarter. Atria Investments Inc now owns 5,058 shares of the technology company’s stock worth $300,000 after acquiring an additional 1,147 shares during the period. GSA Capital Partners LLP bought a new position in shares of Nutanix during the 3rd quarter valued at about $1,001,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Nutanix by 75.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,600 shares of the technology company’s stock valued at $510,000 after purchasing an additional 3,700 shares in the last quarter. ING Groep NV acquired a new position in shares of Nutanix in the 3rd quarter worth approximately $1,108,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Nutanix by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 7,036 shares of the technology company’s stock worth $417,000 after purchasing an additional 233 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the completion of the sale, the chief executive officer now owns 649,034 shares in the company, valued at approximately $42,738,888.90. This trade represents a 8.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the sale, the director now directly owns 45,330 shares in the company, 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. Insiders have sold 5,684,917 shares of company stock worth $422,452,901 in the last ninety days. Insiders own 6.80% of the company’s stock.

Nutanix Trading Up 4.1 %

Shares of NTNX stock opened at $69.47 on Friday. The firm has a market capitalization of $18.61 billion, a P/E ratio of -198.49, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year high of $79.99. The firm’s fifty day simple moving average is $68.59 and its 200 day simple moving average is $65.48.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several research reports. Northland Securities raised Nutanix from a “market perform” rating to an “outperform” rating and upped their price target for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Oppenheimer lifted their price objective on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Needham & Company LLC lifted their price target on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Nutanix currently has an average rating of “Buy” and a consensus target price of $87.79.

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.