Comerica Bank Takes $1.51 Million Position in Nutanix, Inc. (NASDAQ:NTNX)

Comerica Bank purchased a new stake in shares of Nutanix, Inc. (NASDAQ:NTNXGet Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,100 shares of the technology company’s stock, valued at approximately $1,510,000.

Several other large investors have also recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in Nutanix by 48.7% in the 3rd quarter. US Bancorp DE now owns 4,040 shares of the technology company’s stock valued at $84,000 after buying an additional 1,324 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Nutanix by 22.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,474 shares of the technology company’s stock valued at $260,000 after buying an additional 2,264 shares during the period. Xponance Inc. increased its stake in Nutanix by 5.6% in the 3rd quarter. Xponance Inc. now owns 15,164 shares of the technology company’s stock valued at $316,000 after buying an additional 809 shares during the period. Cherry Creek Investment Advisors Inc. increased its stake in Nutanix by 9.5% in the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 88,696 shares of the technology company’s stock valued at $1,848,000 after buying an additional 7,700 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in Nutanix by 37.7% in the 3rd quarter. Arkadios Wealth Advisors now owns 146,317 shares of the technology company’s stock valued at $3,048,000 after buying an additional 40,029 shares during the period. Institutional investors and hedge funds own 76.95% of the company’s stock.

Wall Street Analysts Forecast Growth

NTNX has been the topic of several analyst reports. Barclays increased their price target on shares of Nutanix to $34.00 in a research note on Friday, December 2nd. Royal Bank of Canada increased their price target on shares of Nutanix from $24.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, November 28th. StockNews.com upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a research note on Friday, December 2nd. Wells Fargo & Company increased their price target on shares of Nutanix from $20.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 1st. Finally, Bank of America increased their price target on shares of Nutanix from $24.00 to $33.00 in a research note on Thursday, December 1st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.58.

Nutanix Trading Up 2.1 %

NASDAQ NTNX opened at $26.80 on Monday. The company has a fifty day simple moving average of $28.22 and a 200 day simple moving average of $23.34. The company has a market cap of $6.17 billion, a P/E ratio of -12.58 and a beta of 1.21. Nutanix, Inc. has a 1 year low of $13.44 and a 1 year high of $33.73.

Nutanix (NASDAQ:NTNXGet Rating) last issued its quarterly earnings results on Wednesday, November 30th. The technology company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.19. The company had revenue of $433.61 million during the quarter, compared to the consensus estimate of $413.06 million. Equities research analysts forecast that Nutanix, Inc. will post -1.17 EPS for the current fiscal year.

Insider Buying and Selling at Nutanix

In other news, Director Craig Conway sold 25,000 shares of the stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $30.38, for a total value of $759,500.00. Following the completion of the transaction, the director now owns 33,363 shares in the company, valued at approximately $1,013,567.94. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Tyler Wall sold 9,906 shares of the stock in a transaction on Friday, December 16th. The shares were sold at an average price of $30.51, for a total value of $302,232.06. Following the completion of the transaction, the insider now owns 138,256 shares in the company, valued at approximately $4,218,190.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Craig Conway sold 25,000 shares of the stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $30.38, for a total transaction of $759,500.00. Following the completion of the transaction, the director now owns 33,363 shares of the company’s stock, valued at approximately $1,013,567.94. The disclosure for this sale can be found here. Insiders sold a total of 324,686 shares of company stock valued at $9,538,498 in the last ninety days. Company insiders own 0.43% of the company’s stock.

Nutanix Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Nutanix (NASDAQ:NTNX)

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