Sun Sep 15 10:10:58 UTC 2024: ## Victory Capital Management Boosts Nutanix Holdings Amidst Insider Stock Sales
**New York, NY – September 15, 2024** – Victory Capital Management Inc. significantly increased its stake in cloud computing company Nutanix, Inc. (NASDAQ: NTNX) during the second quarter, acquiring an additional 79,862 shares, according to HoldingsChannel.com. This represents a 68.4% increase in their holdings, now valued at $11,178,000.
This move comes amidst a period of insider stock sales. Nutanix CEO Rajiv Ramaswami sold 23,986 shares on June 18th for a total of $1,299,801.34, while CFO Rukmini Sivaraman sold 12,566 shares for $668,762.52 on the same day. In total, insiders sold 46,936 shares worth $2,531,273 during the last quarter.
Other institutional investors have also been adjusting their holdings of NTNX. Mirae Asset Global Investments Co. Ltd. acquired a new stake in the first quarter worth $1,384,000, while Cetera Investment Advisers and Diversified Trust Co both increased their holdings by 48.7% and 46.7% respectively during the first and second quarters.
Despite the insider sales, Vanguard Group Inc. significantly increased its position in Nutanix by 1.4% in the first quarter, now owning 25,087,143 shares valued at $1,548,378,000.
Nutanix, Inc. provides an enterprise cloud platform globally, offering hyperconverged infrastructure software and solutions for virtualization, storage, and networking. The company’s market capitalization is $14.57 billion, with a price-to-earnings ratio of -843.59 and a PEG ratio of 12.07.
While Victory Capital Management’s increased stake suggests confidence in Nutanix’s future, the insider sales raise questions about the company’s short-term prospects.
**Disclaimer:** This article is based on publicly available information and does not constitute financial advice. Investors are encouraged to conduct their own due diligence before making any investment decisions.
First Piper 