Essex Investment Management Co. LLC Sells 951 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Essex Investment Management Co. LLC reduced its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 58.1% in the 4th quarter, Holdings Channel reports. The fund owned 686 shares of the technology company’s stock after selling 951 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Nutanix were worth $42,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Bain Capital Investors LLC bought a new stake in shares of Nutanix in the third quarter worth about $998,601,000. Champlain Investment Partners LLC increased its holdings in shares of Nutanix by 3.7% in the third quarter. Champlain Investment Partners LLC now owns 5,989,319 shares of the technology company’s stock worth $354,867,000 after acquiring an additional 215,363 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Nutanix by 0.5% in the third quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock worth $245,968,000 after acquiring an additional 22,091 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Nutanix by 15.3% in the third 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. Finally, Two Sigma Advisers LP grew its holdings in shares of Nutanix by 32.8% during the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after buying an additional 695,567 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Needham & Company LLC increased their price objective on Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Wells Fargo & Company increased their price objective on Nutanix from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a report on Thursday, February 27th. Finally, Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $87.79.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $64.39 on Tuesday. The stock has a 50 day moving average price of $68.11 and a 200 day moving average price of $65.25. Nutanix, Inc. has a 52 week low of $43.35 and a 52 week high of $79.99. The stock has a market capitalization of $17.25 billion, a PE ratio of -183.97, a price-to-earnings-growth ratio of 11.80 and a beta of 1.04.

Insider Activity

In other news, Director Virginia Gambale sold 6,060 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the completion of the sale, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This trade represents a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Groen Max Pieter De sold 5,500,000 shares of the 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 transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This trade represents a 32.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,684,917 shares of company stock valued at $422,452,901 over the last three months. 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.