Nutanix, Inc. (NASDAQ:NTNX) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Nutanix, Inc. (NASDAQ:NTNXFree Report) by 5.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,036,613 shares of the technology company’s stock after acquiring an additional 112,363 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Nutanix were worth $71,037,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Nutanix by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 706,101 shares of the technology company’s stock valued at $18,938,000 after purchasing an additional 13,696 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Nutanix by 57.0% in the 1st quarter. Bank of Montreal Can now owns 108,342 shares of the technology company’s stock valued at $2,939,000 after purchasing an additional 39,341 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Nutanix in the 1st quarter valued at about $371,000. BlackRock Inc. raised its stake in shares of Nutanix by 1.2% in the 1st quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company’s stock valued at $260,245,000 after purchasing an additional 117,982 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in shares of Nutanix by 12.4% in the 1st quarter. Blair William & Co. IL now owns 296,205 shares of the technology company’s stock valued at $7,944,000 after purchasing an additional 32,566 shares in the last quarter. Institutional investors and hedge funds own 78.74% of the company’s stock.

Nutanix Stock Performance

NASDAQ NTNX opened at $56.52 on Tuesday. Nutanix, Inc. has a 52 week low of $23.34 and a 52 week high of $59.15. The company has a 50-day moving average price of $50.49 and a two-hundred day moving average price of $40.65.

Nutanix (NASDAQ:NTNXGet Free Report) last posted its earnings results on Wednesday, November 29th. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.18 by $0.11. The firm had revenue of $511.10 million during the quarter, compared to the consensus estimate of $501.26 million. During the same quarter last year, the company posted ($0.32) EPS. Nutanix’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts expect that Nutanix, Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NTNX shares. William Blair upgraded shares of Nutanix from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 17th. Royal Bank of Canada boosted their price objective on shares of Nutanix from $47.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th. TheStreet downgraded shares of Nutanix from a “c” rating to a “d” rating in a research report on Wednesday, November 29th. StockNews.com downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 12th. Finally, KeyCorp boosted their price objective on shares of Nutanix from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Nutanix presently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Get Our Latest Report on Nutanix

Insiders Place Their Bets

In other news, insider Tyler Wall sold 35,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $47.12, for a total value of $1,649,200.00. Following the completion of the transaction, the insider now directly owns 37,277 shares in the company, valued at $1,756,492.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Rajiv Ramaswami sold 87,174 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $46.04, for a total value of $4,013,490.96. Following the completion of the transaction, the chief executive officer now directly owns 299,328 shares in the company, valued at $13,781,061.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tyler Wall sold 35,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $47.12, for a total transaction of $1,649,200.00. Following the completion of the transaction, the insider now owns 37,277 shares of the company’s stock, valued at $1,756,492.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,229 shares of company stock worth $7,276,868. Insiders own 0.46% of the company’s stock.

Nutanix Profile

(Free Report)

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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