Bullseye Asset Management LLC Sells 1,034 Shares of Nutanix, Inc. (NASDAQ:NTNX)

by · The Cerbat Gem

Bullseye Asset Management LLC reduced its holdings in Nutanix, Inc. (NASDAQ:NTNX – Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,208 shares of the technology company’s stock after selling 1,034 shares during the period. Nutanix makes up about 2.3% of Bullseye Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Bullseye Asset Management LLC’s holdings in Nutanix were worth $4,907,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinebridge Investments L.P. raised its position in shares of Nutanix by 61.7% during the 4th quarter. Pinebridge Investments L.P. now owns 148,461 shares of the technology company’s stock valued at $9,083,000 after acquiring an additional 56,636 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Nutanix by 143.1% in the fourth quarter. Hsbc Holdings PLC now owns 149,740 shares of the technology company’s stock valued at $9,167,000 after purchasing an additional 88,145 shares during the last quarter. Stifel Financial Corp lifted its stake in Nutanix by 2.3% in the fourth quarter. Stifel Financial Corp now owns 15,931 shares of the technology company’s stock valued at $975,000 after buying an additional 363 shares during the period. Senator Investment Group LP lifted its stake in Nutanix by 11.7% in the fourth quarter. Senator Investment Group LP now owns 857,113 shares of the technology company’s stock valued at $52,438,000 after buying an additional 90,092 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in Nutanix by 43.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,355 shares of the technology company’s stock worth $83,000 after buying an additional 413 shares during the last quarter. 85.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction dated 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 sale, the director now owns 11,354,032 shares of the company’s stock, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the transaction, the chief executive officer now directly owns 540,463 shares of the company’s stock, valued at $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 sold 5,610,592 shares of company stock worth $417,628,260. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on NTNX. Wells Fargo & Company upped their price target on Nutanix from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Royal Bank of Canada increased 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. Piper Sandler decreased their price target on shares of Nutanix from $88.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price objective on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, UBS Group boosted their target price on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $87.85.

Check Out Our Latest Analysis on Nutanix

Nutanix Stock Up 3.9 %

NASDAQ:NTNX opened at $65.74 on Friday. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The company has a market cap of $17.53 billion, a P/E ratio of -187.83, a price-to-earnings-growth ratio of 11.80 and a beta of 0.84. The business has a 50 day moving average price of $67.92 and a two-hundred day moving average price of $66.74.

About Nutanix

(Free Report)

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.

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