Nutanix, Inc. (NASDAQ:NTNX) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 22.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 448,253 shares of the technology company’s stock after selling 127,762 shares during the period. Mackenzie Financial Corp’s holdings in Nutanix were worth $21,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Nutanix by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 706,101 shares of the technology company’s stock valued at $18,938,000 after buying an additional 13,696 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Nutanix by 57.0% in the 1st quarter. Bank of Montreal Can now owns 108,342 shares of the technology company’s stock valued at $2,939,000 after purchasing an additional 39,341 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Nutanix in the 1st quarter worth about $371,000. BlackRock Inc. increased its position in shares of Nutanix by 1.2% in the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock valued at $260,245,000 after buying an additional 117,982 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Nutanix by 12.4% during the 1st quarter. Blair William & Co. IL now owns 296,205 shares of the technology company’s stock worth $7,944,000 after buying an additional 32,566 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Nutanix Price Performance

NASDAQ NTNX opened at $59.53 on Friday. The stock’s fifty day moving average is $61.83 and its two-hundred day moving average is $50.38. Nutanix, Inc. has a fifty-two week low of $23.34 and a fifty-two week high of $66.99.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.17 earnings per share for the quarter. The firm had revenue of $565.23 million for the quarter, compared to analyst estimates of $551.82 million. On average, research analysts anticipate that Nutanix, Inc. will post -0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NTNX shares. Morgan Stanley boosted their price target on shares of Nutanix from $58.00 to $63.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Susquehanna raised their price target on shares of Nutanix from $60.00 to $75.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Piper Sandler lifted their price objective on Nutanix from $67.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. increased their target price on Nutanix from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, February 26th. Finally, William Blair raised Nutanix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.17.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 53,029 shares of Nutanix stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $64.77, for a total transaction of $3,434,688.33. Following the sale, the chief financial officer now owns 144,635 shares of the company’s stock, valued at approximately $9,368,008.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Rajiv Ramaswami sold 23,932 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $63.05, for a total transaction of $1,508,912.60. Following the completion of the transaction, the chief executive officer now directly owns 373,024 shares in the company, valued at approximately $23,519,163.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 53,029 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $64.77, for a total value of $3,434,688.33. Following the sale, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at $9,368,008.95. The disclosure for this sale can be found here. Insiders have sold 129,506 shares of company stock worth $8,270,938 in the last ninety days. 0.46% of the stock is owned by insiders.

Nutanix Company 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.