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

Commonwealth Equity Services LLC boosted its stake in Nutanix, Inc. (NASDAQ:NTNX) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,933 shares of the technology company’s stock after purchasing 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 reporting period.

Several other large investors have also bought and sold shares of NTNX. Larson Financial Group LLC increased its stake in shares of Nutanix by 122.7% in the third quarter. Larson Financial Group LLC now owns 510 shares of the technology company’s stock valued at $30,000 after buying an additional 281 shares during the period. Allworth Financial LP boosted its holdings in Nutanix by 123.1% in the fourth quarter. Allworth Financial LP now owns 464 shares of the technology company’s stock valued at $31,000 after acquiring an additional 256 shares during the last quarter. Advisors Asset Management Inc. increased its position in Nutanix by 150.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 534 shares of the technology company’s stock valued at $32,000 after purchasing an additional 321 shares during the period. Principal Securities Inc. raised its holdings in Nutanix by 52.4% during the 4th quarter. Principal Securities Inc. now owns 579 shares of the technology company’s stock worth $35,000 after purchasing an additional 199 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nutanix in the 4th quarter worth approximately $40,000. 85.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NTNX has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of Nutanix from $83.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Northland Capmk upgraded Nutanix from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Oppenheimer boosted their price objective on Nutanix from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Barclays set a $94.00 target price on Nutanix and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Northland Securities upgraded Nutanix from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $77.00 to $97.00 in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nutanix presently has a consensus rating of “Buy” and a consensus price target of $87.79.

Nutanix Trading Down 1.3 %

NASDAQ NTNX opened at $71.02 on Monday. The company has a market cap of $18.94 billion, a P/E ratio of -202.91, a PEG ratio of 11.80 and a beta of 1.04. The company has a fifty day simple moving average of $70.38 and a 200 day simple moving average of $66.42. Nutanix, Inc. has a 12-month low of $43.35 and a 12-month high of $79.99.

Insider Buying and Selling at Nutanix

In other news, Director Steven J. Gomo sold 7,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 3,050 shares of the company’s stock, valued at $232,288. This represents a 69.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Groen Max Pieter De sold 5,500,000 shares of Nutanix stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $74.51, for a total value of $409,805,000.00. Following the transaction, the director now directly owns 11,354,032 shares in the company, valued at approximately $845,988,924.32. The trade was a 32.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,610,886 shares of company stock valued at $417,646,356. Corporate insiders own 6.80% of the company’s stock.

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.