Victory Capital Management Inc. Has $9.45 Million Stake in Nutanix, Inc. (NASDAQ:NTNX)

Victory Capital Management Inc. reduced its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 154,488 shares of the technology company’s stock after selling 1,064 shares during the period. Victory Capital Management Inc. owned 0.06% of Nutanix worth $9,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc increased its position in shares of Nutanix by 29.3% in the third quarter. Atria Investments Inc now owns 5,058 shares of the technology company’s stock valued at $300,000 after acquiring an additional 1,147 shares during the last quarter. GSA Capital Partners LLP bought a new position in Nutanix in the third quarter valued at approximately $1,001,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Nutanix by 75.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,600 shares of the technology company’s stock worth $510,000 after purchasing an additional 3,700 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Nutanix during the 3rd quarter worth approximately $590,000. Finally, ING Groep NV bought a new stake in shares of Nutanix during the 3rd quarter worth approximately $1,108,000. 85.25% of the stock is owned by institutional investors.

Nutanix Price Performance

NTNX stock opened at $66.72 on Friday. The business’s fifty day moving average price is $68.46 and its two-hundred day moving average price is $65.37. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of -190.63, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a fifty-two week low of $43.35 and a fifty-two week high of $79.99.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the transaction, the chief executive officer now owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Virginia Gambale sold 6,060 shares of Nutanix stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,684,917 shares of company stock worth $422,452,901 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. StockNews.com lowered shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st. Needham & Company LLC upped their target price on shares of Nutanix from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Oppenheimer lifted their price target on Nutanix from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Piper Sandler upped their price objective on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $87.79.

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.