Blue Grotto Capital LLC Sells 721 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Blue Grotto Capital LLC lessened its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 190,000 shares of the technology company’s stock after selling 721 shares during the period. Nutanix accounts for about 2.1% of Blue Grotto Capital LLC’s portfolio, making the stock its 21st largest position. Blue Grotto Capital LLC owned 0.07% of Nutanix worth $11,624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Nutanix by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock valued at $88,271,000 after buying an additional 33,980 shares during the last quarter. Atreides Management LP bought a new position in Nutanix in the third quarter valued at about $8,290,000. CIBC Asset Management Inc increased its position in Nutanix by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,411 shares of the technology company’s stock worth $453,000 after purchasing an additional 375 shares during the period. Two Sigma Advisers LP raised its holdings in Nutanix by 32.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock worth $166,730,000 after purchasing an additional 695,567 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in Nutanix by 1,555.9% during the 4th quarter. Pacer Advisors Inc. now owns 74,203 shares of the technology company’s stock valued at $4,540,000 after purchasing an additional 69,722 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Northland Capmk raised shares of Nutanix from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Oppenheimer upped their target price on shares of Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. StockNews.com lowered Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st. Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $77.00 to $97.00 in a report on Thursday, February 27th. Finally, Piper Sandler increased their target price on Nutanix from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $87.79.

Insider Activity

In related news, Director Groen Max Pieter De sold 5,500,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total transaction of $409,805,000.00. Following the completion of the transaction, the director now owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. This represents a 32.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 7,740 shares of Nutanix stock in a transaction on 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 in the company, valued at $41,877,450. The trade was a 1.37 % decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Nutanix Trading Down 0.1 %

Shares of NASDAQ NTNX opened at $74.92 on Wednesday. The company has a fifty day moving average price of $70.01 and a 200 day moving average price of $66.17. The firm has a market cap of $19.98 billion, a PE ratio of -214.06, a PEG ratio of 11.80 and a beta of 1.04. Nutanix, Inc. has a 1-year low of $43.35 and a 1-year high of $79.99.

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.