Prudential Financial Inc. Has $1.01 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

Prudential Financial Inc. lessened its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 38.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,167 shares of the technology company’s stock after selling 9,514 shares during the quarter. Prudential Financial Inc.’s holdings in Nutanix were worth $1,013,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Harbour Investments Inc. lifted its holdings in shares of Nutanix by 2,612.5% during the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company’s stock worth $27,000 after buying an additional 418 shares during the last quarter. Allworth Financial LP increased its position in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares during the period. Principal Securities Inc. raised its stake in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nutanix in the 4th quarter valued at $40,000. Finally, Larson Financial Group LLC grew its position in Nutanix by 28.6% in the 4th quarter. Larson Financial Group LLC now owns 656 shares of the technology company’s stock worth $40,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the transaction, the director now owns 3,050 shares in the company, valued at $232,288. This represents a 69.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $75.00, for a total transaction of $580,500.00. Following the completion of the sale, the chief executive officer now owns 558,366 shares of the company’s stock, valued at $41,877,450. The trade was a 1.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,610,886 shares of company stock worth $417,646,356 in the last three months. Insiders own 6.80% of the company’s stock.

Nutanix Trading Down 9.7 %

Shares of Nutanix stock opened at $58.50 on Monday. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of -167.14, a P/E/G ratio of 11.80 and a beta of 1.04. The firm’s 50-day moving average price is $70.53 and its two-hundred day moving average price is $66.70. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99.

Analysts Set New Price Targets

A number of brokerages have recently commented on NTNX. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Raymond James set a $83.00 price objective on Nutanix in a research report on Thursday, February 27th. UBS Group boosted their price objective on Nutanix from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com cut Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Barclays set a $94.00 price target on shares of Nutanix and gave the company an “overweight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $87.79.

About Nutanix

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.