Vanguard Group reduced its stake in Nutanix, Inc. in the 4th quarter, according to the company’s recent filing with the SEC. They sold about 57,952 shares, bringing their total ownership to 24,740,729 shares worth $1.18 billion. Other hedge funds also made moves with Nutanix, with various companies buying and selling shares. Nutanix’s stock traded up by 1.9% on Friday, reaching $53.40. The company has a market cap of $13.17 billion and a PE ratio of -762.86. Analysts have given Nutanix various ratings, with some increasing price targets and others lowering them. Insider activity has also been noted, with CFO Rukmini Sivaraman selling a significant number of shares. Nutanix provides enterprise cloud solutions and has various products to offer. If you’re considering investing in Nutanix, you may want to consider other options as well. MarketBeat has identified five stocks that top analysts recommend buying. To learn more, click the link below.
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Vanguard Group Inc. reduces its stake in Nutanix, Inc. (NASDAQ:NTNX)
