Los Angeles Capital Management LLC Has $11.45 Million Stock Holdings in Nutanix, Inc. (NASDAQ:NTNX)

Los Angeles Capital Management LLC decreased its holdings in shares of Nutanix, Inc. (NASDAQ:NTNX) by 76.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,513 shares of the technology company’s stock after selling 601,819 shares during the period. Los Angeles Capital Management LLC owned approximately 0.08% of Nutanix worth $11,450,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Generation Investment Management LLP raised its holdings in shares of Nutanix by 1.8% in the fourth quarter. Generation Investment Management LLP now owns 17,257,588 shares of the technology company’s stock valued at $823,014,000 after purchasing an additional 300,942 shares during the last quarter. FIL Ltd raised its holdings in shares of Nutanix by 74.7% in the fourth quarter. FIL Ltd now owns 8,908,166 shares of the technology company’s stock valued at $424,830,000 after purchasing an additional 3,809,981 shares during the last quarter. Norges Bank purchased a new stake in shares of Nutanix in the fourth quarter valued at about $137,465,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Nutanix in the third quarter valued at about $82,421,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Nutanix by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,151,300 shares of the technology company’s stock valued at $102,595,000 after purchasing an additional 114,687 shares during the last quarter. Institutional investors and hedge funds own 85.25% of the company’s stock.

Nutanix Trading Down 2.2 %

Shares of NASDAQ:NTNX opened at $53.42 on Thursday. Nutanix, Inc. has a twelve month low of $26.47 and a twelve month high of $73.69. The company has a 50-day moving average price of $62.03 and a two-hundred day moving average price of $57.88.

Insiders Place Their Bets

In other news, CFO Rukmini Sivaraman sold 12,566 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the transaction, the chief financial officer now directly owns 144,902 shares in the company, valued at $7,711,684.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Rukmini Sivaraman sold 12,566 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $53.22, for a total value of $668,762.52. Following the completion of the transaction, the chief financial officer now directly owns 144,902 shares in the company, valued at $7,711,684.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David Sangster sold 10,384 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now owns 64,333 shares of the company’s stock, valued at $3,486,205.27. The disclosure for this sale can be found here. Insiders sold 99,965 shares of company stock worth $5,965,961 over the last quarter. 0.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NTNX shares. Barclays lowered their target price on shares of Nutanix from $81.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Royal Bank of Canada increased their price target on shares of Nutanix from $72.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Bank of America increased their price target on shares of Nutanix from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Piper Sandler increased their price target on shares of Nutanix from $67.00 to $76.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Finally, Northland Capmk lowered shares of Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.77.

Nutanix Profile

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.