Two Sigma Advisers LP Sells 1,308,155 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Two Sigma Advisers LP lowered its stake in Nutanix, Inc. (NASDAQ:NTNX) by 46.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,505,847 shares of the technology company’s stock after selling 1,308,155 shares during the quarter. Two Sigma Advisers LP’s holdings in Nutanix were worth $92,128,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. boosted its stake in Nutanix by 2,612.5% in the 4th 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 period. Colonial Trust Co SC bought a new position in Nutanix in the 4th quarter worth about $28,000. Allworth Financial LP boosted its stake in 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 purchasing an additional 256 shares during the period. Principal Securities Inc. boosted its stake in Nutanix by 52.4% in the 4th 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 period. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix in the 4th quarter worth about $40,000. Institutional investors own 85.25% of the company’s stock.

Nutanix Price Performance

NASDAQ:NTNX opened at $82.77 on Monday. The business has a 50 day moving average of $68.72 and a 200 day moving average of $68.02. The company has a market capitalization of $22.07 billion, a price-to-earnings ratio of -236.49, a PEG ratio of 11.80 and a beta of 0.70. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $83.14.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Piper Sandler dropped their price target on Nutanix from $88.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. UBS Group lifted their price target on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC lifted their price target on Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Raymond James set a $83.00 price target on Nutanix in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $87.85.

Insider Buying and Selling

In other Nutanix news, CEO Rajiv Ramaswami sold 61,057 shares of Nutanix stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.00, for a total value of $4,823,503.00. Following the transaction, the chief executive officer now directly owns 497,309 shares of the company’s stock, valued at $39,287,411. The trade was a 10.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $74.51, for a total value of $409,805,000.00. Following the completion of the transaction, the director now directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,575,797 shares of company stock worth $415,742,123 in the last quarter. 6.80% of the stock is owned by insiders.

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.