Commerce Bank lifted its stake in shares of Nutanix, Inc. (NASDAQ:NTNX – Get Rating) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,999 shares of the technology company's stock after purchasing an additional 1,437 shares during the quarter. Commerce Bank's holdings in Nutanix were worth $375,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of NTNX. Bank of New York Mellon Corp raised its position in Nutanix by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 706,101 shares of the technology company's stock worth $18,938,000 after acquiring an additional 13,696 shares in the last quarter. Bank of Montreal Can raised its position in Nutanix by 57.0% in the first quarter. Bank of Montreal Can now owns 108,342 shares of the technology company's stock worth $2,939,000 after acquiring an additional 39,341 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Nutanix in the first quarter worth $371,000. BlackRock Inc. raised its position in Nutanix by 1.2% in the first quarter. BlackRock Inc. now owns 9,703,410 shares of the technology company's stock worth $260,245,000 after acquiring an additional 117,982 shares in the last quarter. Finally, Blair William & Co. IL raised its position in Nutanix by 12.4% in the first quarter. Blair William & Co. IL now owns 296,205 shares of the technology company's stock worth $7,944,000 after acquiring an additional 32,566 shares in the last quarter. Hedge funds and other institutional investors own 76.95% of the company's stock.
Get Nutanix alerts:Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Piper Sandler upped their target price on Nutanix from $29.00 to $33.00 in a report on Thursday, December 1st. StockNews.com raised Nutanix from a "hold" rating to a "buy" rating in a report on Friday, December 2nd. Royal Bank of Canada upped their target price on Nutanix from $24.00 to $31.00 and gave the company an "outperform" rating in a report on Monday, November 28th. Needham & Company LLC upped their target price on Nutanix from $31.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, December 1st. Finally, KeyCorp upped their target price on Nutanix from $26.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, October 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Nutanix currently has an average rating of "Moderate Buy" and a consensus target price of $31.58.
Nutanix Trading Up 3.4 %
NASDAQ NTNX opened at $29.52 on Friday. The business's 50-day moving average price is $28.20 and its 200 day moving average price is $24.03. Nutanix, Inc. has a twelve month low of $13.44 and a twelve month high of $33.73.Nutanix (NASDAQ:NTNX – Get Rating) last released its earnings results on Wednesday, November 30th. The technology company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.19. The business had revenue of $433.61 million for the quarter, compared to analysts' expectations of $413.06 million. As a group, research analysts anticipate that Nutanix, Inc. will post -1.17 earnings per share for the current year.
Insider Buying and Selling
In related news, COO David Sangster sold 121,478 shares of the stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $30.80, for a total transaction of $3,741,522.40. Following the transaction, the chief operating officer now directly owns 121,217 shares in the company, valued at $3,733,483.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Rajiv Ramaswami sold 60,172 shares of the firm's stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $30.51, for a total value of $1,835,847.72. Following the transaction, the chief executive officer now directly owns 315,348 shares in the company, valued at approximately $9,621,267.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO David Sangster sold 121,478 shares of the firm's stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $30.80, for a total value of $3,741,522.40. Following the completion of the transaction, the chief operating officer now owns 121,217 shares in the company, valued at $3,733,483.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,686 shares of company stock worth $9,538,498. 0.43% of the stock is owned by company insiders.
Nutanix Company Profile
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Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. The firm also provides software solutions and cloud services to customers' enterprise infrastructure. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
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