PNC Financial Services Group Inc. Sells 596 Shares of Nutanix, Inc. (NASDAQ:NTNX)

PNC Financial Services Group Inc. decreased its stake in shares of Nutanix, Inc. (NASDAQ:NTNX) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,400 shares of the technology company’s stock after selling 596 shares during the period. PNC Financial Services Group Inc.’s holdings in Nutanix were worth $330,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in shares of Nutanix by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after purchasing an additional 281 shares in the last quarter. Allworth Financial LP boosted its stake in Nutanix by 123.1% during the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock worth $31,000 after acquiring an additional 256 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Nutanix by 150.7% during the third quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock worth $32,000 after acquiring an additional 321 shares in the last quarter. Principal Securities Inc. boosted its stake in Nutanix by 52.4% during the fourth quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after acquiring an additional 199 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nutanix during the fourth quarter worth about $40,000. Institutional investors own 85.25% of the company’s stock.

Insider Activity

In other Nutanix news, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $76.16, for a total transaction of $533,120.00. Following the completion of the sale, the director now directly owns 3,050 shares of the company’s stock, valued at approximately $232,288. This represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $64.73, for a total transaction of $392,263.80. Following the sale, the director now directly owns 45,330 shares of the company’s stock, valued at approximately $2,934,210.90. This represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,609,206 shares of company stock valued at $417,458,120 over the last three months. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NTNX. Morgan Stanley boosted their price objective on shares of Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. UBS Group boosted their price objective on shares of Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Barclays set a $94.00 price objective on shares of Nutanix and gave the stock an “overweight” rating in a research note on Thursday, February 27th. StockNews.com cut shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Finally, Raymond James set a $83.00 target price on shares of Nutanix in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $87.79.

Nutanix Stock Up 0.7 %

NTNX opened at $73.04 on Friday. The firm has a 50 day moving average price of $69.52 and a 200-day moving average price of $65.93. Nutanix, Inc. has a twelve month low of $43.35 and a twelve month high of $79.99. The stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of -208.69, a PEG ratio of 11.80 and a beta of 1.04.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.