Charles Schwab Investment Management Inc. Has $102.42 Million Holdings in Nutanix (NASDAQ:NTNX)

Charles Schwab Investment Management Inc. raised its position in shares of Nutanix (NASDAQ:NTNX - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,467,177 shares of the technology company's stock after purchasing an additional 24,372 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.55% of Nutanix worth $102,424,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GW&K Investment Management LLC acquired a new position in Nutanix during the first quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB raised its position in Nutanix by 78.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. Colonial Trust Co SC acquired a new position in Nutanix during the fourth quarter valued at approximately $28,000. Fifth Third Bancorp raised its position in Nutanix by 98.4% during the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after purchasing an additional 250 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Nutanix during the first quarter valued at approximately $74,000. 85.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTNX has been the subject of several research analyst reports. The Goldman Sachs Group began coverage on shares of Nutanix in a research report on Tuesday, July 15th. They set a "buy" rating and a $95.00 price objective for the company. Susquehanna upped their price target on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. KeyCorp began coverage on shares of Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price target for the company. Needham & Company LLC reiterated a "buy" rating and set a $92.00 price target on shares of Nutanix in a report on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $91.00.

Nutanix Stock Up 0.1%

NTNX traded up $0.07 during trading on Friday, reaching $68.68. 2,340,912 shares of the stock traded hands, compared to its average volume of 2,496,128. The stock has a market capitalization of $18.41 billion, a PE ratio of 143.24, a P/E/G ratio of 4.89 and a beta of 0.71. The stock's 50-day moving average is $74.04 and its 200 day moving average is $72.00. Nutanix has a 12 month low of $51.11 and a 12 month high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $638.98 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. As a group, equities research analysts anticipate that Nutanix will post 0.31 EPS for the current year.

Insider Activity

In other news, Director Groen Max Pieter De sold 5,480,467 shares of the 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 transaction, the director owned 5,480,468 shares of the company's stock, valued at $420,954,747.08. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rukmini Sivaraman sold 2,100 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,491,492 shares of company stock worth $421,797,778. 6.80% of the stock is owned by insiders.

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.