Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC reduced its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,981,516 shares of the technology company’s stock after selling 1,007,803 shares during the period. Nutanix accounts for approximately 1.9% of Champlain Investment Partners LLC’s portfolio, making the stock its 5th largest position. Champlain Investment Partners LLC’s holdings in Nutanix were worth $304,769,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC increased its stake in Nutanix by 28.6% during the fourth 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 during the period. Avantax Advisory Services Inc. boosted its stake in Nutanix by 3.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,698 shares of the technology company’s stock worth $349,000 after buying an additional 188 shares in the last quarter. Principal Securities Inc. increased its holdings in Nutanix by 52.4% in the 4th 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 period. O Shaughnessy Asset Management LLC raised its stake 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 boosted its position in shares of Nutanix by 123.1% during the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Steven J. Gomo sold 7,000 shares of Nutanix stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the sale, the director now owns 3,050 shares of the company’s stock, valued at approximately $232,288. This trade represents a 69.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $75.00, for a total value of $580,500.00. Following the transaction, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at approximately $41,877,450. This trade represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,610,592 shares of company stock worth $417,628,260. Corporate insiders own 6.80% of the company’s stock.

Nutanix Stock Down 1.6 %

Nutanix stock opened at $61.87 on Thursday. The company has a 50 day moving average of $69.02 and a 200-day moving average of $66.63. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The stock has a market capitalization of $16.50 billion, a PE ratio of -176.77, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays set a $94.00 price target on shares of Nutanix and gave the stock an “overweight” rating in a research note on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Oppenheimer increased their target price on shares of Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Raymond James set a $83.00 price target on shares of Nutanix in a research report on Thursday, February 27th. Finally, Royal Bank of Canada boosted their target price on Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nutanix currently has an average rating of “Buy” and an average price target of $87.85.

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.