Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd cut its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 80.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,056 shares of the technology company’s stock after selling 67,722 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Nutanix were worth $982,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Harbour Investments Inc. increased its position in Nutanix by 2,612.5% during the 4th quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after purchasing an additional 256 shares during the last quarter. Principal Securities Inc. grew its holdings 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 buying an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nutanix in the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC lifted its stake in shares of 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 buying an additional 146 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on NTNX. Barclays set a $94.00 price target on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and upped their target price for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Northland Capmk raised Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Oppenheimer lifted their price target on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, UBS Group increased their price objective on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Nutanix currently has a consensus rating of “Buy” and an average target price of $87.79.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 owns 540,463 shares in the company, valued at $37,832,410. This represents a 15.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,610,886 shares of company stock worth $417,646,356. Corporate insiders own 6.80% of the company’s stock.

Nutanix Trading Down 9.7 %

Shares of NTNX stock opened at $58.50 on Monday. The company has a market cap of $15.60 billion, a PE ratio of -167.14, a P/E/G ratio of 11.80 and a beta of 1.04. The company’s fifty day simple moving average is $70.53 and its 200-day simple moving average is $66.70. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99.

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.