Great Lakes Advisors LLC Sells 4,831 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Great Lakes Advisors LLC lowered its position in Nutanix, Inc. (NASDAQ:NTNX) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,823 shares of the technology company’s stock after selling 4,831 shares during the period. Great Lakes Advisors LLC owned about 0.06% of Nutanix worth $9,839,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allworth Financial LP increased its position in shares of Nutanix by 123.1% in the 4th quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after buying an additional 256 shares in the last quarter. Larson Financial Group LLC increased its holdings in Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock worth $30,000 after purchasing an additional 281 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after purchasing an additional 321 shares in the last quarter. Principal Securities Inc. increased its holdings in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Nutanix during the 4th quarter worth about $40,000. Institutional investors own 85.25% of the company’s stock.

Nutanix Stock Performance

Shares of NASDAQ:NTNX opened at $67.77 on Thursday. 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 $18.16 billion, a P/E ratio of -193.63, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04. The company has a 50-day simple moving average of $68.35 and a 200 day simple moving average of $65.36.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley increased their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. increased their target price on Nutanix from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Raymond James set a $83.00 target price on Nutanix in a report on Thursday, February 27th. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Finally, Barclays set a $94.00 price objective on Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Nutanix presently has a consensus rating of “Buy” and a consensus target price of $87.79.

Insider Activity at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 63,901 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $65.85, for a total transaction of $4,207,880.85. Following the completion of the sale, the chief executive officer now directly owns 649,034 shares in the company, valued at $42,738,888.90. This trade represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 11,810 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total transaction of $786,900.30. Following the sale, the chief financial officer now owns 190,882 shares of the company’s stock, valued at $12,718,467.66. This trade represents a 5.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,684,917 shares of company stock worth $422,452,901. Insiders own 6.80% of the company’s stock.

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.