Comerica Bank Grows Holdings in Nutanix $NTNX

Key Points

• Comerica Bank increased its stake in Nutanix by 128.5%, acquiring an additional 4,077 shares during the first quarter, bringing its total holdings to 7,250 shares valued at $506,000.
• Wall Street analysts maintain a positive outlook on Nutanix, with a consensus average rating of "Moderate Buy" and a target price of $89.07, as the company recently reported a quarterly earnings beat.
• Insider transactions include CEO Rajiv Ramaswami and CFO Rukmini Sivaraman selling shares in June, which reflects a 0.37% and 0.99% decrease in their respective positions.

Comerica Bank grew its stake in Nutanix (NASDAQ:NTNX - Free Report) by 128.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,250 shares of the technology company's stock after purchasing an additional 4,077 shares during the quarter. Comerica Bank's holdings in Nutanix were worth $506,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Jacobs Levy Equity Management Inc. grew its position in shares of Nutanix by 9.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,086,513 shares of the technology company's stock valued at $188,833,000 after purchasing an additional 269,866 shares during the period. Federated Hermes Inc. grew its position in shares of Nutanix by 21.2% in the first quarter. Federated Hermes Inc. now owns 2,423,978 shares of the technology company's stock valued at $169,218,000 after purchasing an additional 423,249 shares during the period. Northern Trust Corp grew its position in shares of Nutanix by 19.6% in the first quarter. Northern Trust Corp now owns 1,778,753 shares of the technology company's stock valued at $124,175,000 after purchasing an additional 291,188 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Nutanix by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,467,177 shares of the technology company's stock valued at $102,424,000 after purchasing an additional 24,372 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Nutanix by 48.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,314,509 shares of the technology company's stock valued at $80,422,000 after purchasing an additional 428,171 shares during the period. Institutional investors and hedge funds own 85.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NTNX. Wells Fargo & Company lowered their price target on shares of Nutanix from $85.00 to $71.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 28th. Wall Street Zen lowered shares of Nutanix from a "strong-buy" rating to a "buy" rating in a research report on Monday, June 30th. KeyCorp began coverage on shares of Nutanix in a research report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price target on the stock. Piper Sandler restated an "overweight" rating and set a $88.00 price target (up from $76.00) on shares of Nutanix in a research report on Thursday, May 29th. Finally, Barclays lowered their price target on shares of Nutanix from $94.00 to $82.00 and set an "overweight" rating on the stock in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.07.

Insider Transactions at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 2,100 shares of Nutanix stock in a transaction dated Monday, June 16th. The shares were 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 of the company's stock, valued at $15,205,661.10. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rajiv Ramaswami sold 1,925 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $75.00, for a total transaction of $144,375.00. Following the completion of the sale, the chief executive officer directly owned 518,561 shares in the company, valued at $38,892,075. This trade represents a 0.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

Nutanix Trading Down 2.3%

NTNX stock traded down $1.89 during trading on Friday, reaching $79.23. 4,848,838 shares of the stock were exchanged, compared to its average volume of 4,048,527. The business has a 50 day moving average price of $72.34 and a 200-day moving average price of $72.06. Nutanix has a 1 year low of $54.66 and a 1 year high of $83.36. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 123.80, a P/E/G ratio of 7.80 and a beta of 0.59.

Nutanix (NASDAQ:NTNX - Get Free Report) last issued its earnings results on Wednesday, August 27th. The technology company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. Nutanix had a net margin of 7.42% and a negative return on equity of 27.63%. The company had revenue of $653.27 million for the quarter, compared to the consensus estimate of $642.48 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Nutanix's quarterly revenue was up 19.2% compared to the same quarter last year. Nutanix has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. On average, research analysts anticipate that Nutanix will post 0.31 EPS for the current year.

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.