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

Dynamic Technology Lab Private Ltd trimmed its position in Nutanix, Inc. (NASDAQ:NTNX) by 80.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

Other institutional investors have also modified their holdings of the company. Harbour Investments Inc. lifted its stake in Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after purchasing an additional 418 shares during the last quarter. Allworth Financial LP lifted its position 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 buying an additional 256 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Nutanix by 52.4% in the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Nutanix in the 4th quarter valued at $40,000. Finally, Larson Financial Group LLC raised its stake in Nutanix by 28.6% during the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after acquiring an additional 146 shares in the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTNX has been the subject of several research analyst reports. Northland Securities upgraded shares of 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. UBS Group upped their target price on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Piper Sandler increased 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. Finally, Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Nutanix currently has an average rating of “Buy” and an average target price of $87.79.

Nutanix Stock Down 9.7 %

NASDAQ NTNX opened at $58.50 on Monday. The stock has a market capitalization of $15.60 billion, a P/E ratio of -167.14, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99. The firm has a 50-day moving average price of $70.53 and a 200 day moving average price of $66.70.

Insiders Place Their Bets

In related news, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now owns 540,463 shares in the company, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now owns 3,050 shares in the company, valued at $232,288. The trade was a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,610,886 shares of company stock worth $417,646,356. Company insiders own 6.80% of the company’s stock.

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.