Trexquant Investment LP Has $20.05 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Trexquant Investment LP trimmed its position in Nutanix, Inc. (NASDAQ:NTNX) by 34.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 327,777 shares of the technology company’s stock after selling 170,476 shares during the period. Trexquant Investment LP owned about 0.12% of Nutanix worth $20,053,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in Nutanix by 150.6% in the third quarter. The Manufacturers Life Insurance Company now owns 45,765 shares of the technology company’s stock valued at $2,712,000 after acquiring an additional 27,502 shares during the last quarter. Freedom Investment Management Inc. lifted its position in Nutanix by 4.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 3,883 shares of the technology company’s stock valued at $230,000 after purchasing an additional 151 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Nutanix by 4,153.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 22,500 shares of the technology company’s stock valued at $1,333,000 after purchasing an additional 21,971 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Nutanix by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 886,338 shares of the technology company’s stock worth $52,516,000 after buying an additional 29,241 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Nutanix by 75.4% during the third quarter. Captrust Financial Advisors now owns 12,529 shares of the technology company’s stock worth $742,000 after buying an additional 5,386 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTNX. Oppenheimer raised their price objective on shares of Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Needham & Company LLC raised their price target 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 upped their price objective on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. increased their target price on Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. One equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $87.79.

Insider Activity

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the sale, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of the business’s 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 sale, the chief executive officer now directly owns 558,366 shares in the company, valued at $41,877,450. This trade represents a 1.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,886 shares of company stock worth $417,646,356 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Nutanix Stock Down 1.7 %

Shares of NASDAQ:NTNX opened at $69.81 on Tuesday. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of -199.46, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The company’s fifty day simple moving average is $70.47 and its 200 day simple moving average is $66.49.

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.