Bank of Montreal Can Sells 2,405,170 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Bank of Montreal Can decreased its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 93.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,270 shares of the technology company’s stock after selling 2,405,170 shares during the period. Bank of Montreal Can owned about 0.07% of Nutanix worth $10,723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NTNX. Larson Financial Group LLC raised its position in shares of Nutanix by 28.6% in 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. Avantax Advisory Services Inc. raised its holdings in Nutanix by 3.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after purchasing an additional 188 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after buying an additional 199 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Nutanix by 5.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,602 shares of the technology company’s stock valued at $282,000 after buying an additional 249 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Nutanix by 123.1% in 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. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NTNX. Barclays set a $94.00 target price on shares of Nutanix and gave the company an “overweight” rating in a research note on Thursday, February 27th. Oppenheimer raised their price objective on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Royal Bank of Canada upped 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. Raymond James set a $83.00 price target on Nutanix in a report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.85.

Insider Buying and Selling at Nutanix

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the firm’s 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 of the company’s stock, valued at $845,988,924.32. This trade represents a 32.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Gomo sold 7,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the transaction, the director now owns 3,050 shares of the company’s stock, valued at approximately $232,288. This represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,610,592 shares of company stock worth $417,628,260. Insiders own 6.80% of the company’s stock.

Nutanix Price Performance

Shares of Nutanix stock opened at $59.30 on Monday. The stock has a market cap of $15.81 billion, a PE ratio of -169.43, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The firm has a fifty day moving average price of $69.57 and a 200 day moving average price of $66.68. Nutanix, Inc. has a 1 year low of $43.35 and a 1 year 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.