Commonwealth Equity Services LLC Buys 544 Shares of Nutanix, Inc. (NASDAQ:NTNX)

Commonwealth Equity Services LLC raised its position in shares of Nutanix, Inc. (NASDAQ:NTNX) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,933 shares of the technology company’s stock after acquiring an additional 544 shares during the period. Commonwealth Equity Services LLC’s holdings in Nutanix were worth $1,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NTNX. Geode Capital Management LLC lifted its holdings in Nutanix by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,147,126 shares of the technology company’s stock worth $245,968,000 after purchasing an additional 22,091 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Nutanix by 15.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,816,647 shares of the technology company’s stock worth $166,886,000 after buying an additional 374,328 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Nutanix by 32.8% in the third quarter. Two Sigma Advisers LP now owns 2,814,002 shares of the technology company’s stock valued at $166,730,000 after acquiring an additional 695,567 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Nutanix by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company’s stock valued at $88,271,000 after acquiring an additional 33,980 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Nutanix in the fourth quarter valued at about $86,824,000. Institutional investors and hedge funds own 85.25% of the company’s stock.

Analysts Set New Price Targets

NTNX has been the subject of a number of recent research reports. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st. Barclays set a $94.00 price target on Nutanix and gave the company an “overweight” rating in a research note on Thursday, February 27th. UBS Group raised their price objective on Nutanix from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Royal Bank of Canada upped their target price on Nutanix from $83.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC increased their target price on Nutanix from $90.00 to $92.00 and gave the stock a “buy” rating 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $87.79.

Nutanix Stock Down 1.3 %

Nutanix stock opened at $71.02 on Monday. The business’s 50-day moving average price is $70.38 and its two-hundred day moving average price is $66.42. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99. The stock has a market cap of $18.94 billion, a PE ratio of -202.91, a P/E/G ratio of 11.80 and a beta of 1.04.

Insider Buying and Selling

In related news, CEO Rajiv Ramaswami sold 7,740 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $75.00, for a total transaction of $580,500.00. Following the sale, the chief executive officer now owns 558,366 shares of the company’s stock, valued at $41,877,450. This trade represents a 1.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven J. Gomo sold 7,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $76.16, for a total value of $533,120.00. Following the completion of the transaction, the director now directly owns 3,050 shares of the company’s stock, valued at approximately $232,288. The trade was a 69.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,610,886 shares of company stock worth $417,646,356 in the last three months. 6.80% of the stock is owned by corporate insiders.

Nutanix 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.