Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Axa S.A.

Axa S.A. lowered its position in Nutanix, Inc. (NASDAQ:NTNX) by 44.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,684 shares of the technology company’s stock after selling 7,890 shares during the quarter. Axa S.A.’s holdings in Nutanix were worth $592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTNX. GAMMA Investing LLC grew its stake in Nutanix by 24.4% during the 4th quarter. GAMMA Investing LLC now owns 1,691 shares of the technology company’s stock valued at $103,000 after purchasing an additional 332 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Nutanix by 1.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,257 shares of the technology company’s stock worth $1,259,000 after buying an additional 329 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in shares of Nutanix by 2.9% in the fourth quarter. Pallas Capital Advisors LLC now owns 13,432 shares of the technology company’s stock worth $822,000 after buying an additional 384 shares during the last quarter. Accurate Wealth Management LLC raised its holdings in Nutanix by 41.8% in the fourth quarter. Accurate Wealth Management LLC now owns 18,562 shares of the technology company’s stock valued at $1,155,000 after acquiring an additional 5,473 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Nutanix by 111.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,138 shares of the technology company’s stock valued at $70,000 after acquiring an additional 600 shares during the last quarter. 85.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 value of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the director now directly owns 3,050 shares in the company, valued at approximately $232,288. This trade represents a 69.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,514,740 shares of company stock valued at $410,918,620 over the last three months. Insiders own 6.80% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $75.10 on Friday. The company has a market capitalization of $20.03 billion, a PE ratio of -214.57, a price-to-earnings-growth ratio of 11.80 and a beta of 0.70. The stock has a fifty day moving average of $67.62 and a 200-day moving average of $67.33. Nutanix, Inc. has a one year low of $43.35 and a one year high of $79.99.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-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. Wells Fargo & Company boosted their target price on shares of Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of Nutanix from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Piper Sandler cut their target price on shares of Nutanix from $88.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $87.85.

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.