FIL Ltd Sells 811,151 Shares of Nutanix, Inc. (NASDAQ:NTNX)

FIL Ltd trimmed its stake in Nutanix, Inc. (NASDAQ:NTNX) by 28.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,056,906 shares of the technology company’s stock after selling 811,151 shares during the quarter. FIL Ltd’s holdings in Nutanix were worth $125,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC lifted 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 valued at $40,000 after acquiring an additional 146 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock valued at $349,000 after purchasing an additional 188 shares in the last quarter. Principal Securities Inc. boosted its holdings in 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 purchasing an additional 199 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Nutanix by 5.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company’s stock worth $282,000 after purchasing an additional 249 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after buying an additional 256 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group boosted their target price on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a research report on Thursday, February 27th. Royal Bank of Canada raised their target price on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Northland Securities raised shares of Nutanix from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. Finally, Piper Sandler decreased their price objective on shares of Nutanix from $88.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $86.93.

Insiders Place Their Bets

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction that occurred 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 $845,988,924.32. This represents a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total transaction of $6,709,640.00. Following the transaction, the chief executive officer now owns 540,463 shares of the company’s stock, valued at $37,832,410. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,610,886 shares of company stock worth $417,646,356 in the last quarter. 6.80% of the stock is owned by company insiders.

Nutanix Price Performance

Nutanix stock opened at $58.17 on Wednesday. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99. The firm has a market capitalization of $15.51 billion, a P/E ratio of -166.20, a PEG ratio of 11.80 and a beta of 0.84. The business has a fifty day moving average price of $70.05 and a 200-day moving average price of $66.62.

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.