Bank of New York Mellon Corp Purchases 59,230 Shares of Nutanix (NASDAQ:NTNX)

Bank of New York Mellon Corp raised its position in Nutanix (NASDAQ:NTNX - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,134,043 shares of the technology company's stock after purchasing an additional 59,230 shares during the quarter. Bank of New York Mellon Corp owned about 0.43% of Nutanix worth $79,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Harbour Investments Inc. boosted its holdings in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after acquiring an additional 418 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of Nutanix in the fourth quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after acquiring an additional 191 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Nutanix by 28.6% in the fourth quarter. Larson Financial Group LLC now owns 656 shares of the technology company's stock valued at $40,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Up 0.1%

NTNX traded up $0.06 during trading on Monday, hitting $72.46. The stock had a trading volume of 1,940,646 shares, compared to its average volume of 2,508,725. The firm has a market cap of $19.43 billion, a PE ratio of 147.76, a P/E/G ratio of 6.69 and a beta of 0.67. Nutanix has a 12 month low of $43.35 and a 12 month high of $83.36. The company has a 50 day simple moving average of $76.33 and a 200-day simple moving average of $70.46.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm had revenue of $638.98 million for the quarter, compared to the consensus estimate of $626.12 million. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The business's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. As a group, sell-side analysts anticipate that Nutanix will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $72.73, for a total value of $152,733.00. Following the sale, the chief financial officer directly owned 209,070 shares in the company, valued at $15,205,661.10. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Groen Max Pieter De sold 5,480,467 shares of Nutanix stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $76.81, for a total transaction of $420,954,670.27. Following the sale, the director owned 5,480,468 shares in the company, valued at approximately $420,954,747.08. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,552,549 shares of company stock valued at $426,621,281. Company insiders own 6.80% of the company's stock.

Analyst Ratings Changes

NTNX has been the subject of a number of research reports. Morgan Stanley restated an "overweight" rating and set a $90.00 target price (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. KeyCorp initiated coverage on shares of Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 target price for the company. Wall Street Zen cut shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Piper Sandler restated an "overweight" rating and set a $88.00 target price (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Finally, Needham & Company LLC restated a "buy" rating and set a $92.00 target price on shares of Nutanix in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.71.

Nutanix Company 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.