Inceptionr LLC Sells 7,596 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Inceptionr LLC lowered its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 58.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,331 shares of the technology company’s stock after selling 7,596 shares during the period. Inceptionr LLC’s holdings in Nutanix were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTNX. Raymond James Financial Inc. acquired a new position in shares of Nutanix during the 4th quarter worth about $86,824,000. Arizona State Retirement System grew its stake in Nutanix by 3.0% in the fourth quarter. Arizona State Retirement System now owns 73,150 shares of the technology company’s stock valued at $4,475,000 after purchasing an additional 2,131 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Nutanix during the 4th quarter worth approximately $6,052,000. Atria Investments Inc raised its stake in shares of Nutanix by 41.9% during the 4th quarter. Atria Investments Inc now owns 7,179 shares of the technology company’s stock worth $439,000 after purchasing an additional 2,121 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Nutanix by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock valued at $88,271,000 after buying an additional 33,980 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Nutanix

In related news, Director Steven J. Gomo sold 7,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the transaction, the director now owns 3,050 shares in the company, valued at approximately $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares of the company’s stock, valued at $845,988,924.32. This represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,684,917 shares of company stock valued at $422,452,901 in the last quarter. Company insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

NTNX stock opened at $70.41 on Monday. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The company has a market capitalization of $18.86 billion, a PE ratio of -201.17, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The company’s 50-day simple moving average is $68.06 and its 200 day simple moving average is $65.16.

Analyst Upgrades and Downgrades

NTNX has been the topic of a number of recent analyst reports. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. UBS Group upped their target price on shares of Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley lifted their price target on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $77.00 to $97.00 in a research note on Thursday, February 27th. Finally, Piper Sandler lifted their target price on Nutanix from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $87.79.

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.