Comerica Bank Buys New Stake in Nutanix, Inc. (NASDAQ:NTNX)

Comerica Bank bought a new stake in shares of Nutanix, Inc. (NASDAQ:NTNX – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 56,100 shares of the technology company’s stock, valued at approximately $1,510,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversified Trust Co lifted its holdings in Nutanix by 1.9% in the 3rd quarter. Diversified Trust Co now owns 26,266 shares of the technology company’s stock worth $547,000 after buying an additional 490 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in Nutanix by 5.7% in the 1st quarter. Vident Investment Advisory LLC now owns 11,627 shares of the technology company’s stock worth $312,000 after buying an additional 630 shares in the last quarter. US Bancorp DE lifted its holdings in Nutanix by 41.8% in the 2nd quarter. US Bancorp DE now owns 2,716 shares of the technology company’s stock worth $40,000 after buying an additional 801 shares in the last quarter. Xponance Inc. lifted its holdings in Nutanix by 5.6% in the 3rd quarter. Xponance Inc. now owns 15,164 shares of the technology company’s stock worth $316,000 after buying an additional 809 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in Nutanix by 33.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 3,732 shares of the technology company’s stock worth $55,000 after buying an additional 935 shares in the last quarter. Institutional investors and hedge funds own 76.95% of the company’s stock.

Analysts Set New Price Targets

NTNX has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price objective on shares of Nutanix from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. Royal Bank of Canada boosted their target price on shares of Nutanix from $24.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, November 28th. KeyCorp boosted their target price on shares of Nutanix from $26.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, October 24th. Barclays boosted their target price on shares of Nutanix to $34.00 in a research report on Friday, December 2nd. Finally, StockNews.com raised shares of Nutanix from a “hold” rating to a “buy” rating in a research report on Friday, December 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Nutanix presently has a consensus rating of “Moderate Buy” and an average price target of $31.58.

Insider Buying and Selling at Nutanix

In other Nutanix news, COO David Sangster sold 121,478 shares of the business’s stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $30.80, for a total transaction of $3,741,522.40. Following the completion of the transaction, the chief operating officer now directly owns 121,217 shares of the company’s stock, valued at approximately $3,733,483.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Tyler Wall sold 90,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $26.19, for a total value of $2,357,100.00. Following the completion of the sale, the insider now directly owns 48,256 shares of the company’s stock, valued at approximately $1,263,824.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO David Sangster sold 121,478 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 121,217 shares of the company’s stock, valued at $3,733,483.60. The disclosure for this sale can be found here. Insiders sold 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 Stock Up 2.1 %

Nutanix stock opened at $26.80 on Monday. The firm has a 50-day moving average price of $28.22 and a two-hundred day moving average price of $23.34. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of -12.58 and a beta of 1.21. Nutanix, Inc. has a 52-week low of $13.44 and a 52-week high of $33.73.

Nutanix (NASDAQ:NTNX – Get Rating) last posted its earnings results on Wednesday, November 30th. The technology company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.19. The firm had revenue of $433.61 million for the quarter, compared to analyst estimates of $413.06 million. Research analysts expect that Nutanix, Inc. will post -1.17 earnings per share for the current year.

Nutanix Profile

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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.