Commonwealth Equity Services LLC Has $612,000 Stake in Nutanix, Inc. (NASDAQ:NTNX)

Commonwealth Equity Services LLC boosted its holdings in Nutanix, Inc. (NASDAQ:NTNX) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,759 shares of the technology company’s stock after acquiring an additional 577 shares during the period. Commonwealth Equity Services LLC’s holdings in Nutanix were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Nutanix during the first quarter worth approximately $1,384,000. Cetera Investment Advisers boosted its holdings in shares of Nutanix by 48.7% during the 1st quarter. Cetera Investment Advisers now owns 76,103 shares of the technology company’s stock worth $4,697,000 after buying an additional 24,918 shares in the last quarter. Diversified Trust Co increased its stake in Nutanix by 46.7% in the second quarter. Diversified Trust Co now owns 36,666 shares of the technology company’s stock valued at $2,084,000 after purchasing an additional 11,668 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Nutanix by 1.4% in the first quarter. Vanguard Group Inc. now owns 25,087,143 shares of the technology company’s stock worth $1,548,378,000 after acquiring an additional 346,414 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Nutanix by 387.1% during the 1st quarter. Nordea Investment Management AB now owns 2,612,812 shares of the technology company’s stock valued at $162,229,000 after purchasing an additional 2,076,377 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Raymond James raised their target price on Nutanix from $76.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. KeyCorp upped their price target on shares of Nutanix from $69.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Northland Capmk downgraded shares of Nutanix from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 30th. Barclays upped their target price on Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, Northland Securities boosted their price target on shares of Nutanix from $71.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and a consensus target price of $73.31.

Nutanix Stock Performance

NASDAQ:NTNX opened at $58.99 on Friday. Nutanix, Inc. has a fifty-two week low of $33.31 and a fifty-two week high of $73.69. The business has a 50 day moving average price of $53.65 and a 200-day moving average price of $58.90. The firm has a market cap of $14.55 billion, a PE ratio of -842.71, a price-to-earnings-growth ratio of 12.07 and a beta of 1.19.

Insider Buying and Selling at Nutanix

In related news, COO David Sangster sold 11,950 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares in the company, valued at $7,411,022.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Rukmini Sivaraman sold 24,316 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now owns 123,868 shares of the company’s stock, valued at $7,411,022.44. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.

About Nutanix

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.