Machina Capital S.A.S. Sells 996 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Machina Capital S.A.S. cut its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 17.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,620 shares of the technology company’s stock after selling 996 shares during the period. Machina Capital S.A.S.’s holdings in Nutanix were worth $283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTNX. Bain Capital Investors LLC bought a new position in Nutanix during the third quarter worth about $998,601,000. Raymond James Financial Inc. bought a new position in Nutanix during the fourth quarter worth about $86,824,000. Two Sigma Advisers LP lifted its holdings in 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 acquiring an additional 695,567 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Nutanix by 5,473.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 479,317 shares of the technology company’s stock worth $29,325,000 after acquiring an additional 470,717 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Nutanix by 235.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 544,516 shares of the technology company’s stock valued at $33,313,000 after purchasing an additional 382,232 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the business’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 transaction of $392,263.80. Following the transaction, the director now owns 45,330 shares of the company’s stock, valued at $2,934,210.90. The trade was a 11.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rajiv Ramaswami sold 63,901 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $65.85, for a total value of $4,207,880.85. Following the sale, the chief executive officer now owns 649,034 shares of the company’s stock, valued at approximately $42,738,888.90. This represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,684,917 shares of company stock valued at $422,452,901 over the last 90 days. 6.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NTNX. Oppenheimer boosted their price target on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Raymond James set a $83.00 price target on Nutanix in a report on Thursday, February 27th. Morgan Stanley boosted their price target on Nutanix from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Nutanix currently has an average rating of “Buy” and a consensus target price of $87.79.

Nutanix Stock Performance

NASDAQ:NTNX opened at $70.41 on Monday. The stock’s 50-day simple moving average is $68.06 and its 200 day simple moving average is $65.16. The company has a market cap of $18.86 billion, a P/E ratio of -201.17, a P/E/G ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 52-week low of $43.35 and a 52-week high of $79.99.

Nutanix 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.