Massachusetts Financial Services Co. MA Reduces Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Massachusetts Financial Services Co. MA lessened its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 51.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,465 shares of the technology company’s stock after selling 96,559 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Nutanix were worth $5,596,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased 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 acquiring an additional 418 shares during the last quarter. Allworth Financial LP grew its holdings 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 purchasing an additional 256 shares during the period. Principal Securities Inc. increased its position in shares of Nutanix by 52.4% during 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 last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nutanix during the 4th quarter worth about $40,000. Finally, Larson Financial Group LLC raised its holdings in Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock valued at $40,000 after buying an additional 146 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NTNX shares. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Morgan Stanley lifted their target price on shares of Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Barclays set a $94.00 price target on Nutanix and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Piper Sandler lifted their target price on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price objective on Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research 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 given a strong buy rating to the company. According to MarketBeat, Nutanix currently has an average rating of “Buy” and an average price target of $87.79.

Nutanix Price Performance

NASDAQ NTNX opened at $58.62 on Tuesday. The firm’s fifty day moving average price is $70.44 and its 200 day moving average price is $66.70. Nutanix, Inc. has a 12 month low of $43.35 and a 12 month high of $79.99. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of -167.49, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84.

Insiders Place Their Bets

In other Nutanix news, Director Groen Max Pieter De sold 5,500,000 shares of the business’s 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 sale, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 95,852 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 in the company, valued at approximately $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. Over the last 90 days, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. 6.80% of the stock is currently 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.