Corient Private Wealth LLC Reduces Stake in Nutanix, Inc. (NASDAQ:NTNX)

Corient Private Wealth LLC trimmed its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 17.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,538 shares of the technology company’s stock after selling 1,367 shares during the quarter. Corient Private Wealth LLC’s holdings in Nutanix were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Nutanix by 0.5% during the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock valued at $245,968,000 after purchasing an additional 22,091 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Nutanix by 15.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after acquiring an additional 374,328 shares in the last quarter. Two Sigma Advisers LP lifted its position in Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after buying an additional 695,567 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Nutanix by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock worth $88,271,000 after purchasing an additional 33,980 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Nutanix during the 4th quarter valued at approximately $86,824,000. Institutional investors own 85.25% of the company’s stock.

Insider Activity

In other news, Director Groen Max Pieter De sold 5,500,000 shares of the company’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 directly owns 11,354,032 shares in the company, valued at $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rajiv Ramaswami sold 7,740 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now directly owns 558,366 shares of the company’s stock, valued at $41,877,450. This represents a 1.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,610,886 shares of company stock worth $417,646,356 over the last three months. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NTNX shares. Needham & Company LLC boosted their price objective on shares of Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Northland Capmk upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada boosted their price objective on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Piper Sandler lifted their target price on shares of Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, StockNews.com downgraded Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $87.79.

Nutanix Stock Down 1.3 %

Shares of NTNX opened at $71.02 on Friday. The stock’s 50-day moving average price is $70.38 and its 200-day moving average price is $66.38. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The company has a market capitalization of $18.94 billion, a price-to-earnings ratio of -202.91, a PEG ratio of 11.80 and a beta of 1.04.

Nutanix Company 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.