Raymond James & Associates lowered its position in shares of Nutanix, Inc. (NASDAQ:NTNX – Get Rating) by 19.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,102 shares of the technology company's stock after selling 6,479 shares during the quarter. Raymond James & Associates' holdings in Nutanix were worth $544,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NTNX. Primecap Management Co. CA boosted its position in Nutanix by 46.1% during the second quarter. Primecap Management Co. CA now owns 6,128,885 shares of the technology company's stock valued at $89,666,000 after acquiring an additional 1,933,150 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Nutanix by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company's stock worth $626,094,000 after purchasing an additional 1,116,856 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Nutanix by 6,627.1% during the 1st quarter. Wellington Management Group LLP now owns 991,370 shares of the technology company's stock worth $26,589,000 after purchasing an additional 976,633 shares in the last quarter. Woodline Partners LP boosted its position in shares of Nutanix by 36.6% during the 2nd quarter. Woodline Partners LP now owns 1,819,891 shares of the technology company's stock worth $26,625,000 after purchasing an additional 487,913 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Nutanix by 95.3% during the 1st quarter. Renaissance Technologies LLC now owns 997,800 shares of the technology company's stock worth $26,761,000 after purchasing an additional 486,900 shares in the last quarter. Institutional investors own 76.95% of the company's stock.

Nutanix Stock Up 0.6 %

Shares of NTNX stock opened at $27.87 on Wednesday. The company has a 50 day moving average of $28.21 and a 200-day moving average of $24.00. Nutanix, Inc. has a 12-month low of $13.44 and a 12-month high of $33.73. The firm has a market cap of $6.41 billion, a P/E ratio of -13.08 and a beta of 1.21.

Insider Buying and Selling

In related news, insider Tyler Wall sold 9,906 shares of the firm's stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $30.51, for a total value of $302,232.06. Following the completion of the transaction, the insider now directly owns 138,256 shares of the company's stock, valued at approximately $4,218,190.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Tyler Wall sold 9,906 shares of the firm's stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $30.51, for a total value of $302,232.06. Following the completion of the transaction, the insider now directly owns 138,256 shares of the company's stock, valued at approximately $4,218,190.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rajiv Ramaswami sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $28.34, for a total transaction of $141,700.00. Following the completion of the transaction, the chief executive officer now directly owns 310,348 shares of the company's stock, valued at $8,795,262.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 324,686 shares of company stock valued at $9,538,498. Company insiders own 0.43% of the company's stock.

Analyst Ratings Changes

NTNX has been the topic of a number of research analyst reports. KeyCorp increased their price objective on shares of Nutanix from $26.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, October 24th. Royal Bank of Canada raised their price target on shares of Nutanix from $24.00 to $31.00 and gave the company an "outperform" rating in a research report on Monday, November 28th. Needham & Company LLC raised their price target on shares of Nutanix from $31.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, December 1st. Piper Sandler raised their price target on shares of Nutanix from $29.00 to $33.00 in a research report on Thursday, December 1st. Finally, Bank of America raised their price target on shares of Nutanix from $24.00 to $33.00 in a research report on Thursday, December 1st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.58.

About Nutanix

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Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers' enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.

Further Reading

• Get a free copy of the StockNews.com research report on Nutanix (NTNX)
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